Showing posts with label Las Vegas Investments. Show all posts
Showing posts with label Las Vegas Investments. Show all posts

Wednesday, October 2, 2019

You ever get used to being lied to about Las Vegas Resorts?

About a year ago, I wrote a $900 Million 'Offer' for the Rio All-suites Hotel and Casino.  That investor needed more time to put together the acquisition money than Caesars was willing to wait.  So, it went no where.

Now, the reason the Offer I wrote was so high in price was because the land value of the 88.53 Acres which the Rio sits on his worth about $11 Million an acre.  Thus, the $900 Million offer.

After that offer fell apart, Eldorado Resorts came along with their attempt to acquire ALL of Caesars in their stock deal.  At this time, I was told by my contact at Caesars that the sale of the Rio was being put on hold until Eldorado completed their acquisition.


Ok, makes sense.  Let's wait.  (I should never have waited.)

Then, a few months later, I was shocked to read that Caesars Sold the Rio at about half of the land value for the whole property!

Even to today, I am flummoxed as to the reason they moved forward on such a low ball offer.

Now, the Rio buildings and such were the victim of the lack of Preventive Maintenance.  Before and during Caesar's Bankruptcy, they did little if anything to cure items that could have easily been fix, replaced and of in general taken care of.

Thus, the dire state of the existing structure. (As one retired casino executive said to me one time, "Duct tape on the carpet is NOT a repair."

So, all I can do now, is hope that the current buyer, who is in escrow, doesn't close and I find an equally qualified buyer to close on the property.

Are there other resorts available?  Yes. 
Are they expensive?  Yes.
Are there hotels/motels available without gaming?  Yes.

To find out more....

Contact David Howes at: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Sunday, August 11, 2019

SMOG!

Climate Change OR Climate Change is a Hoax.

It doesn't matter which side you are on.  No matter where you go, just about everywhere -- especially in urban areas -- you will encounter SMOG!

So, in the US, Smog isn't considered a health hazard (Or, is it?)

Now, if you go to China, for example, their Smog is so bad, you don't truly want to go to China.


But, yesterday, my wife & daughter took a day trip from Las Vegas to Los Angeles to well, just do a day trip.

Now, they did drive using our daughter's Toyota Prius hybrid.

When they had returned late last night, my wife said, (paraphrasing) You could see how bad the Smog was as we drove down the hill (the section of I-15 through the Cajun Pass).


Yet, because they were on a mission (from God?), they continued on.
But, as they continued, the Smog didn't get any better.


I think the problem with Smog comes from the density of Cars with Combustible Engines.  And, even Jay Leno, who is probably the most well known Auto enthusiast, admits that the electric car is the future.


But, since our daughter had driven for a ride sharing company (and made very little money), she has taken saving gas money to heart.  (She also with her hybrid is doing more to save the planet than most of us (me included).


But, not to put the blame squarely on Los Angeles or Southern California, Las Vegas has a growing Smog problem, too.

Lately, I've been considering buying a hybrid, also.  Maybe even a Tesla.

My problem is the same as all baby boomers: we grew up with muscle cars and we think that's the standard of any automobile we drive -- regardless of it's combustible engine size.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Tuesday, June 18, 2019

The Low Ball Express of Downtown Las Vegas Motels!

For more than a year, I have had four Downtown Las Vegas properties listed for sale.
They are three motels; and, one is a studio apartment building.

They range in price from $1.5 Million to $3.2 Million.  And all are priced to sell.

The problem is one property has garnered most of the inquiries.  (More than 7,000 inquiries!)
Yet, every investor I've spoken to has claimed they are cash buyers, can close quickly, and they are looking for a deal.

Then, when I offer them a deal, they immediately start demanding a steal.

One investor from Northern California said she'd wouldn't pay $1 Million for the most sought after property.

My reaction?  Okay.  Thank you for wasting my time!

Here are the properties that can be acquired individually or altogether.

Alpine Motel Apartments
213 N 9th Street
Comparable Sales indicate an "As Is" Market Value of $2.9 Million

Casa Blanca Motel
2401 N Las Vegas Blvd
Selling Price: $3.2 Million!
The Economy Motel
1605 Fremont Street
Selling Price: $1.5 Million!
Starlite Motel
1873 N Las Vegas Blvd
Selling Price: $2.5 Million!
AND, all four can be acquired together as a portfolio for $10 Million or at a 10.969% Cap Rate.

For property details, email me!

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Tuesday, May 14, 2019

A Re-Look at Tony Hsieh's Downtown Las Vegas Five Years Forward

Almost five years ago, I wrote a blog about how Tony Hsieh had bought up a lot of the east section of Downtown Las Vegas.

Then, I was critical of his lack of development vision of this section.

True, I helped Tony buy (over pay for) some properties of Owner Clients of mine.  AND, I failed to get Tony to buy other properties.

Tony Hsieh

Yet, at that time, Tony was buying and sitting on properties.  This made me wonder: why'd he buy them in the first place?

Did he run out of money?
Did he NOT have a plan?
Was he being represented by unscrupulous agents/attorneys, etc?

The answers to those, I will never know.

Here is the blog that I had written then.

Where Tony has Failed Blog

Now, Five years forward, it's time for me to admit I was wrong -- five years ago.

Tony has, on his schedule -- not mine, begun the re-development of this area.

Tony has brought in people who seem to now have his back when it comes to acquiring Downtown Las Vegas properties. (In other words, they now low ball like the others were doing years ago and flipping them to Tony!)

And, my clients have moved on to other properties where they are making returns that suit them.

Why do I have a change of attitude toward Tony Hsieh?

Well,

Tony developed the Fremont 9 Apartment property.
Tony financed the building of an event hall (with underground parking!).
Tony constructed a dog day care.
Tony holds an annual event called Life is Beautiful which was designed to get foot traffic into the downtown area.
Tony's original development was the Container Park.  (I still think this isn't successful. But what do I know?)
Tony has bought or developed a lot of businesses; from motel properties, tavern properties and even a business that rent out fifth wheel vehicles/trailers to tourists so that they can come to Las Vegas , then get out of Las Vegas to visit/camp-out at one of the nearby National Parks, etc.

So, did my criticism of Tony have anything to do with this?
No.

I now think Tony Hsieh knew exactly what he was doing.  I am convinced Tony had a plan all along and he was smart enough to ignore his critics (like me).
(It's what you need to do to focus on your vision.)

Lesson Learned.
I wish Tony all the best in his future endeavors!

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Friday, April 26, 2019

Invalidation doesn't work

Very recently, a so called prominent Las Vegas Real Estate agent and I were working on a large Resort property sale.

My Buyer has already made accepted offers on three of my listings.

We were discussing the potential sale of a Resort property when my Buyer asked me if I would find out if some conditions of a potential offer for the Resort property would be acceptable to the Seller IF he included them in an offer.

Being the customer's always right type of Real Estate Broker, I said I would ask, but I told him that O didn't think they would accept what he was proposing. BUT, he insisted that I ask.  So, I sent an email to the Seller and Seller's Rep with an outline of what the potential Buyer wanted to offer.

The Seller replied quickly with a firm, "No."

Okay!  I passed that response on to the Potential Buyer.

A short time later, the Seller's Rep sends me a reply -- just to me -- with the simple question: "Do you have a Nevada Real Estate license?"

Now, I know who this agent is.  And as far as I am concerned, he's an ASS!  (I capitalized it because he truly is a big ASS!  And, if I mention his name to any other CRE agent or broker in Las Vegas, they will usually sum him up also as an ASS!)

And, I know all of you know someone who is like this.  They are the big boy/girl on campus and if you don't measure up to the way they think you should be, they treat you badly.

Well, I didn't respond to his invalidation because I know all about this ASS!  Just because you think you are better than others, doesn't mean you are.

And, unfortunately, for him, I am the type that if I am bullied, I bully back.  And, even if he turns around and says he was only joking, we don't know each other well enough to be on friendly terms.

Just so you know: Tough love doesn't work.  It's just a form of bullying.

In the weeks.months ahead, we'll see what transpires about this transaction.

But, I plan to stay the course.

In the meantime, if you are interested in any Las Vegas CRE Property -- even a Resort one...

Contact David Howes: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Friday, April 12, 2019

Unlicensed People Can NOT Earn a Commission!

It's been a trying day because two unlicensed persons are trying to earn an equal share of a commission simply because they are referring a buyer for a real estate transaction.

Hey, folks!

If you are NOT licensed in Nevada as a real estate broker or agent, you can NOT earn a commission.

No, it can NOT be a consulting fee, either!

Been trying to convince two people who want to play real estate to back away.  But, they are convinced that because they know a person, that they should share equally in a real estate commission.

Sorry.

Not going to happen.

I will NOT put my Nevada Real Estate Broker's license on the line because they are greedy.

They need to step away from the deal, accept the fact they are legally NOT involved, and be satisfied they are doing this in a legal manner.

If you like a Las Vegas Commercial Real Estate Broker who is honest and fair...

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Monday, April 1, 2019

A Potential Buyer Just Chewed Me Out!

As I cruise through life encroaching on Old Age, I seem to have gotten used to being yelled at!

Not so much a screaming match (since the Buyer is 14 hours ahead of Las Vegas time), but yelled at via a text message.

Now, it wasn't ALL CAPS yelling, but it was a butt chewing all the same.

Okay, a little over dramatic.  She was angry that I had made contact with her partner before she contacted me.

Yet, the contact with the partner resulted in her contacting me.

Now, just because she is a woman, doesn't mean I will treat her with any less respect than a man. (I know better.)

But when she didn't respond to my approach through emails or texting, the person who referred them to me said contact the man.  So, I did.

He responded.  We discussed a few details about buying Las Vegas property.  And, I was under the assumption, we were moving forward.

Then, a week later, she is giving me the business for going around her.

Okay, I went around her BECAUSE SHE NEVER REPLIED TO MY INQUIRIES!

Sorry, didn't mean to yell there.

My point is, if I send you an email and you never reply, I will only assume you have no interest in moving forward with acquiring a Las Vegas Property.

Now, if you are referred to me as a buyer, and you don't reply, when the person who referred you to me calls to get an update, and they ask "Is there a potential deal" going forward, and I have to say that the referred person never replied; and then, that person says, "Why don't you call X," and I call X; don't then contact me in an angry manner chewing me out for contacting X! 

Make sense?

I think she was made because 'X' most likely called her after we spoke and chewed her out.

Okay, Sorry!

But, if you had replied when I first tried to contact you, the situation would have been dramatically different.

Didn't mean to make anyone sad; or mad; I will accept glad, tough.

So, if you are interested in a Las Vegas property...

Contact David Howes at: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8
AND Please #Follow David on Twitter: @DavidAHowes
Have a nice day!

Saturday, February 23, 2019

2019 has started with a Big Bang!

Years ago, when I first started working in real estate, I worked at Sitren Mortgage in Victorville, CA.

Now, the owner of that company was Mike Sitren.

He was a Brooklyn born Jewish man who took me under his wing and taught me just about everything I know about Real Estate.

His passing at the young age of 63 was heartfelt to me.  He left us too soon.

Anyway, I have always tried to maintain the premise that Mike taught.

Be honest to everyone.  He would at times, when 'things' were starting to go sideways say: "It's Real Estate."

And, since the start of the new year, "things" have gone from slow to lightening speed in what seems like a heartbeat.

Almost like when the universe was created with a Big Bang!

I am NOT complaining.

I still have 12 SFR's available that meed to be sold.

If interested in SFR residential real estate rental income...

Contact David Howes at: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8
AND Please #Follow David on Twitter: @DavidAHowes
Have a nice day!

Monday, February 4, 2019

He has $60 Billion in the bank!

So, I wished this to be true!

Unfortunately, as a skeptic of agents (or Buyers) or even investment advisers who attempt to persuade me that they, or their clients, are wealthy, I do what I can do to verify -- or, dispel -- such claims.

Recently, I asked this contact at a resort casino/hotel whether or not, they would sell one of their large Resort properties, which is rumored to be for sale -- was true or not.

It is true.

Great! Because, I was working with a middle eastern businessman/hotelier who had an interest in acquiring a Las Vegas resort.

But, Don's racist presidency killed any chance of them moving forward to invest at that time.

Oh, well, I will find someone else.

Anyway, another investment company I have worked with in the past referred me to a third investment company who claimed they had a buyer for a Las Vegas Resort Property.

Ok.  Prove it to me.

After assembling the Buyer pays me paperwork, a get a confirmation letter and a bank statement from this investment company which they claim is the buyer's true net worth.
Well, I give it to my retired gaming business partner friend.  He says, it looks good, but why don't you call the bank to see if it is real?

Oh!  Good idea!

I proceed to email the two forms to the bank, hoping beyond hope that what I was given is real.
Two days later, I get the bank's reply.

Thank you for your e-mail of 2 February regarding the Bank Confirmation Letter and Statement. After checking with our department concerned, I would like to confirm you that the letters you attached on the e-mails are not genuine or issued by our bank.

Son of a B**h!

I hope you know how I felt.

There are too many persons in the world who want to be involved in a fraud.  I am so glad to have done what I did to prevent me from damaging my reputation by a want to be criminal trying to pose as a high wealth individual.

All I can say is good riddance to this agent/investment adviser. Never again.

Lastly, I don't need anyone to waste my time, I am perfectly capable of doing that on my own.

At this point, I can honestly say, Lesson was learned and I am glad to have followed the advice to check the information myself.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Monday, January 28, 2019

SOLD!!! ...okay, it's just in escrow.

Finally, after nearly 12 months of haranguing, negotiating and cajoling, I was finally able to open escrow on the four Downtown Properties I listed early last year.

Now, I didn't get the owner as much as I thought I would.  But, the Buyer, from California, understands the operation of low-income motels and apartments.

AND, while I was in Downtown Las Vegas, I stop by another owner's property to check on the condition the property condition is in.

(Yes.  He bought these low income motels and is dead set on converting them into studio apartments.)

Okay, I can still help!

BTW: I also have listed five multi-family plex properties for sale as a portfolio in Downtown Las Vegas, too!

These will only set you back $1.5 Million!

But, they Gross in rent $14,000 per month.

Send me an email for details!

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Friday, January 18, 2019

Rain, Rain, Go Away! Wait, we need the rain....

Rain in Las Vegas is a rare occasion.

Yet, recently, Nathan Tannenbaum, of Channel 8, reported that Las Vegas has had more rain this year than Portland, OR.

Ok!

Since we've had a lot of rain recently, I'll go with it.


But, that's not the only thing that is raining.

Since it is very early in the process, I can only tease you until the paperwork is signed, sealed and delivered.

Stay tuned!

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Monday, December 17, 2018

...and to all a Good Night!


To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Thursday, December 13, 2018

Las Vegas Resort Properties For Sale!

It is a notch in your belt.
It is something you will talk about forever.

Selling a Las Vegas Resort is considered a pinnacle of a real estate career.

But, most will never accomplish this for one reason.
They don't understand the Las Vegas market.

In order to acquire a Las Vegas Resort, Buyers MUST compensate the real estate broker.

It's simply because the Seller, which in a normal real estate transaction usually does, won't when it comes to such a big ticket item.

So, just FYI: when it comes to a sale of a Las Vegas Resort, the Buyer must compensate the broker.

Why?

Because the Seller's corporate attorneys will handle the paperwork - thus handle the entire transaction.

They do this because it is big money to their firms and to them.
They don't want an outsider (a Broker) interfering in their transaction.

It's a sad state for us Brokers, but that's the way it is.

If you want my help in acquiring a Nevada Resort, Casino or Hotel Casino, email me for my 'retainer' form. Once received, fill it out, sign it, email it back then will I proceed to help you acquire a casino type of property.

If you are a qualified Buyer...

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Tuesday, December 11, 2018

Where Nevada Ranks in Best-Worst States for Women

At least Nevada isn't Louisiana! OR, Arkansas! Or Mississippi!

But at 44 out of 50, that's still horrible.

Maybe Senators Catherine Cortez Masto and incoming Senator Jacky Rosen can have some effective change on this.

44. Nevada
Total score: 44.22
Ranking for women’s economic and social well-being: 39th
Ranking for women’s health and safety: 50th


Nevada scored poorly in two categories relating to women’s quality of life. It came in third from the bottom for women without insurance, and it’s tied with three other states for having the highest rate of women killed by homicides.

For your own perusal of the story, click this link. Best Worst States for Women

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Thursday, November 15, 2018

The Alpine Motel Apartments!

Alright, it's a misnomer.

It's actually 42 Studio Apartments of which 34 have a Kitchenette (or Kitchen Area).





Plus each unit has a full tub shower bath!

AND, it could be yours for the reasonable price of $2.8 Million.

And, because the net income is $20,930 PER MONTH!, that's a 9% Cap Rate to you!
The property does need renovating. But at $2.8 Million, there is room to make changes.

Interested?

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Saturday, October 20, 2018

Underwriting says the property won't pencil out!

The headline of today's post is a lie!

It's what California investors have been telling me about one of my Downtown Las Vegas listings that's for sale at $2.8 Million. That's the Owner's selling price.  And, I agreed he shouldn't sell it for any less.

But, a lot of the California Investors that have approached me on this studio apartment building just want to steal.

They are retreating from California because the prices are way, way too high there.  So, they are crawling into Las Vegas trying their best to steal a property.

Now, some have been doing this for years and years.

Others, are new to this market.

But, when I tell them about the benefits to buying at a 9.9% Cap Rate and that area rents are slowly increasing, they take the information under advisement and then -- a few days later -- they give me the phony excuse.

The Alpine Motel Apartments Downtown Las Vegas, NV
(And the parking lot is part of this parcel.)

Yes, the property needs remodeling.  Paint and carpet has a cost but NOT a $1 Million dollars worth of cost.  Besides, the already renovated 27 unit apartment property one parcel north SOLD for +/-$87,000 per unit six months ago!

These investors seem to like wasting my time.

If I had $2.8 Million, I would have acquired the property already.  But, I'm short in that area.

And, no I'm NOT going to play the lottery even if it's more than $1 Billion.

Too many dumb people play just to make one dumb person rich.

So, I will continue on with my marketing.
There is a buyer out their looking for a fixer upper who doesn't mind earning +/-$21,000 per month!

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Wednesday, October 10, 2018

Unemployment is DOWN! Under employment is UP!


Unemployment is at such a low, low number.
This is great news!

But, as my PhD in Economics uncle once said while bragging, 'The economy is doing great! More people are back to work and off unemployment lines.'

To which my Mom replied to her brother, 'That is great news! Now, if only they had found equal work to what they were doing before they were laid off!'

Such is the case today.

Unemployment is down.  Workers have run the fixed time that they can collect unemployment. (Which is six months.)
But, have those people truly found work?

OR, did their unemployment time just run out on them.  And, since they are no longer collecting unemployment checks, have they truly found a job?

You see, historically once your unemployment runs it's course, the government considers you have have been re-employed -- whether you truly are or not.

But, in truth, most probably did find a new job.  They probably did become re-employed.
But, that new job most probably came with a drastic pay cut.

To go from earning $40,000 per year to earning $16,000 may be considered re-employment, but that doesn't cover the bills.

If these former unemployment collecting workers did find work, it was that they had to settle for a job that pays much, much less then what they were earning.

That's IF they actually did find work!

So, until I see a more comprehensive study on this matter, I'll keep my excitement for the re-employed to myself -- for now.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Monday, October 1, 2018

LAND! HO!

Since I live and work in the Southern Nevada Desert, this doesn't make much sense.

But, my ancestral line runs smack through east coast whalers who captained the ships on those long ago whale hunts.

But, as I live and breath dusty desert air, I do find myself helping land owners to sell their land.


This one particular parcel is actually two parcels that are very close to each other.

A 7.89 Acre parcel and a 5 Gross Acre parcel.  Each has water, power and telephone service to their sites.  Each is on Septic Tanks.

Anyway, the Seller's asking price was $12.18 PSF.  We immediately received an offer at $13 PSF.
I strongly suggested to the Seller "Take It!"

He did.

The property details are it is M-1 Land with outside storage.  Most of the land in this area is ground leased to contractors.  These particular parcels generate more than $10,000 per month in gross rent.

The Owner is a local business man who owns a large local trucking company.

I think he's done well for himself through the years.

Still, you blog readers can do the same if you give yourself time and effort.

You just need to begin.

And, you begin by contacting me to see where your starting point is.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Monday, September 24, 2018

Sports Loving Investors! A Las Vegas Sports Bar For Sale at +/-6% Cap Rate!

With Football back in full swing, I'm hoping for a tremendous Football Season!

Okay, I'm a Patriots Fan and they forgot to show up against Detroit!
(I guess they wanted Matt Patricia to win so badly, they gave him the game?!)

Ouch!
Sorry, Lions fans!

With that said, there are fabulous opportunities for the right Sports Loving enthusiast to acquire a perfect Net Leased Investment Property where local Las Vegans go to wet their whistles and make friendly wagers on the games right inside of the bar!

That's right!  These Sports Bars are now licensed to have a sports wagering kiosk that can accept wagers on the game right at the bar location without having to go to a major resort to place a bet at a sports book!

And, these are located in these particular sports bars because of the credibility of the Tenant which is a National Credit Tenant who -- at this particular location -- is on the hook for at least 13 more years with a Corporate Guarantee!


So, if you are interested in a long term Net Lease Investment, this is the property to acquire!

Not only does this property have 13 years remaining on the initial lease term, the tenant is paying a 2.5% increase per year (which doesn't happen anymore for this tenant), and for the options, the rent increase is 3%!

AND, for a long, long time, I have blogged about these types of properties because I feel that these NET LEASED INVESTMENTS! are the best to have and hold long term.

The Tenant at this location pays for the building maintenance, the building's Real Estate Taxes, and Insurance on top of their  $202,000+/- annual rent!

So, if you have been searching for a long term single tenant NNN Investment, this is for you!

Don't wait!  Email me right away so you do NOT swing and miss on this too good of an investment opportunity!

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Tuesday, September 11, 2018

Here Come The California License Plates!

Full Disclosure!

I am guilty of this!

Years & Years ago, I grew tired of the hustle & bustle of Massachusetts!

Longing for a change, I broke up with my then Girlfriend, packed my things and moved to California!

At that time, I had always wanted to go to LA.  The warmer climate suited me.

While there, I worked a variety of jobs, some on Film/TV sets, and I met my wife/life partner.

Recently, we were discussing the heavier than usual traffic in and around our Las Vegas neighborhood.  I mentioned that I am seeing a lot more California license plates on various vehicles and she reaffirmed this.

She added, "Their driving is atrocious!"

Bemused, I agreed.


Lately, for some reason, there seems to be a lot more California license plates on vehicles driving around Las Vegas.

I don't know the reason.
I don't have any statistics that would confirm this observation or not.
I have NOT discussed this with anyone else, so this is just my opinion.

Now, I don't care if there are more Californians moving to Las Vegas.
(I'm guilty of this when we moved out of overcrowded Los Angeles in 1991.)

I take it in the ensuing years, things have just gotten more crowded in Southern California.

I try my best to NOT go there unless it is absolutely, impossible to NOT go.

Lately, I've succeeded in staying away.

And, I do receive a lot of up calls from real estate investors considering acquiring a Las Vegas property -- which is okay with me.  If you have cash, give me a call! I will find a suitable CRE property for you!

Will this trend continue?
I hope so.

In my profession, I really don't care where buyers or sellers hail from -- as long as they are qualified!

If qualified,

Contact David Howes at: davidATdavidhowesDOTnet
OR; 7 0 2 5 0 1 9 3 8 8
AND Please #Follow David on Twitter: @DavidAHowes
Have a nice day!