My Birthday Horoscope!

Yes.  March 21st is my Birthday.  So, I wondered just what the Stars had in Mind for me today?

"You've got an edge when it comes to financial, legal or medical matters. Focus on what you want to see transpire and make it so. Luck is in your corner, so don't hesitate to ask for what you want. 3 stars"

Okay! What I want is my deal on the Fontainebleau Las Vegas to go into escrow and close!

We'll see if that is in the stars!

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

While Americans complain about Taxes, Foreign Investors are beating them to the Las Vegas CRE Punch!

Via my web site and other real estate sites that I have subscribe to over the years, I have been approached by many Foreign Investors -- whether Asian or European -- looking for a good investment because as we all know the European and Asian economies are just as bad as ours -- IF not worse!

Most of the Foreign Investors complain about the taxes they have to pay in their respective countries. One Asian investor told me he just wants to get a better value for his money.  He said he has to pay 52% of his gross income as income taxes.  By the way, he says his country doesn't have deductibles.  So, his income tax IS 52% of his income regardless of how the money is earned.

He also said he is surprised at how much Americans complain about their income taxes.  He reiterated that at least we have nice roads and bridges, etc to help get us to where we want to go across the US continent.  AND, he said we can do that (basically) without fear from highway bandits (his words) who prey on travelers.

So, American Investors: Las Vegas does have some very good deals waiting for you to pounce on them.  When Net Leased Investments are going for 4% to 5% Cap Rates in other states, a 6% to 7% Cap Rate in Las Vegas looks pretty darn good.

So, either email or call me to discuss a potential Las Vegas CRE property purchase.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR 70 25 01 93 88!

Las Vegas Casino Resort Hotels For Sale!

If you have been following my blog, you undoubtedly have seen several postings about Las Vegas Resort Properties that may/may not be available in the Las Vegas Metropolitan area.

Since the Buyer MUST compensate me for my endeavors, I must ask that the authorized signatory for your company be the one to sign a Non-Circumvent, Confidentiality and Commission Agreement.

A telephone call to me telling me how much of a good guy/gal you are simply won't work.

So, as of today, there are three potential Resort Casino Hotels which could be acquired.  They range from --- well, let's just say for the sake of lowest common denominator without giving out  more information than is needed at this time -- it will run you more than $250 Million and they go up from there.

All offers to acquire any of these Resort Casino Hotel Properties will require that you disclose yourself fully; All persons that will be holding 5% or more ownership interests will be required to disclose their complete personal and financial capability; you will be subject to Nevada Gaming Control Board preliminary background check -- and this will also be done by the Resort Owner and it is absolutely necessary you be vetted.  The reason is that they do NOT want to become involved in anyone who may/may not be shady characters.  You do NOT have to be stellar!  You just MUST be honest.

And, they obviously do not want to be barraged by unqualified persons who are only simply looking for proprietary information.  This will NOT be given until/unless you have passed muster of the current Owner's vetting process.

Lastly, IF you even think you may NOT be Nevada Gaming Control Board Approved, then please do NOT waste my time.  You do NOT have to be squeakily clean, however, in terms of criminal activity or other illegal marks on your record, it is best you disclose everything.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Never help family with real estate! - Mike Sitren

Twenty something years ago, Mike Sitren was the very first real estate broker I ever worked for.  He was a very short, stout man who was in his 60's.  I soon learned that Mike was well liked by his clients; and NOT liked at all by other real estate brokers.  And, he seemed proud of that.

You see, Mike was always telling me to tell your clients the truth.  And, he was insistent on that. And, I always understood his reason why: When you lie to a client, you disrespect them, he once said.

"It is truly NOT that hard to be honest in real estate.  Most clients already know enough about real estate to get themselves into trouble," he would say.  "Our job as a client's broker is to show them the way to a successful -- hopefully -- profitable sale.  And, the profit was to the client with the broker receiving a fee for rendering service."

I always thought that was the way to go.

Anyway, a few years ago, my very own Mother was selling the last parcel of land that she and my Dad owned on Cape Cod.  My Mom never, ever called me to even ask for my advice prior to putting the property on the market.  (This probably turned out for the best.)  Anyway, she listed with a person she was friends with because he was a "new" real estate agent and she wanted to help him get his business started.  As it turned out, he was very, very inexperienced.

And, I did NOT find out about the sale until one day, while talking to my Mom on the telephone, she started complaining about "how" the transaction was going.  The Buyer wanted a second 30 day extension; and the Buyer wanted a sales price reduction, The Buyer refused to do the "round table close." (Massachusetts for some stupid reason believes only attorney's are capable of closing a real estate transaction.)

Anyway, the Buyer was holding up closing.  I asked my Mom, "Why didn't you just take the deposit as non-refundable and have them put another deposit into escrow to do an extension?"

She replied that she didn't know she could do that.  She said, "It was the Buyer's money."
Then, I asked, "Why are you telling me this now?"
Her answer, "I thought you could help."
I replied, "I could have IF you had included me from the beginning."
I told her it was too late for me to get involved. I would be interfering in another broker's transaction.

I proceeded to tell her to have her "new" agent send the Buyer -- who by now was disclosed to be another RE broker, who was trying to flip the property on my Mom -- a notice that escrow was being canceled and the Buyer's deposit was being forfeited to the Seller.

My Mom said, "She couldn't do that.  She would be in a law suit she couldn't afford."
I said, "Unfortunately, that is exactly what you have to do.  Otherwise, the Buyer/Broker would be "stealing" the equity in your property."

She relented, and the agent sent the notice, The Buyer closed within a few days.

Later, she said, while talking, that, that "trick" worked.  I reminded her that picking the right broker/agent was key to a successful real estate sale.

She asked me "How did you know the Buyer was trying to re-sell the property, I reminded my Mom, that I have been a working Real Estate Broker for 20 years.  You learn "things" as you go along."

Anyway, I knew Mike Sitren was right about helping family -- even IF it is your Mom.  She would have fought me all along and IF it wasn't a successful transaction, I would still be getting the blame to this day.

NOW, when it came time to help my "Know It All Younger Broker"....  I will spare you.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Should you invest in Commercial Real Estate or BitCoin?

Since I agree with Warren Buffet: "I don't invest in things I don't understand," I will just say the link to the CNBC article (alleging) that Bit Coin may be a Poncy scheme truly scares me.

I fully understand Commercial Real Estate.  On the other hand, I do NOT understand Bit Coin at all. So, am I surprised to read an article about a Bit Coin exchange company in Hong Kong that might  (possibly) be a Poncy scheme?  The answer is: NO!

Now, Bit Coin might be a real, honest to god currency that I just do NOT understand.  But, I can tell you, I fully understand commercial real estate.  There is Land, Building(s), Easements, and egress access to and from the Land.  And, you have the ability to actually go and stand on the Land parcel in question.  IF NOT fully developed, you could reach down and pick up the dirt that makes up the land.

Bit Coin not so much.  What, where is the value to it?

Anyway, I placed the link below so you may have to copy and paste in your browser to read the story.

http://www.cnbc.com/id/102410095

Between the two, I will take CRE every day over Bit Coin for return on investment.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Sleazy People give Real Estate its Bad Rep!

A few years ago, just when I thought I had seen everything in the real estate business, another "Real Estate" person came along and tried to make my life more...interesting.

Two years ago, I received a telephone call from another NV licensed Broker. (To protect me from litigation, I will be using the "Broker" alias.)  "Broker" had written an offer and submitted it to my Seller through an unlicensed person who had decided he could act as a real estate broker for my client. Let's call him "Sleazy Non-broker." (Still following?)

My Seller hadn't -- yet-- contacted me about the received offer, but "Broker" was calling me to let me know that he wrote an offer for $3.7 Million and submitted it to the Sleazy Non-Broker.  This offer was for much more than I had listed the property at.

So, I asked "Broker" to email the offer to me.  I told him that I would discuss it with my Seller.  Contacting my Seller, the Seller said he was going to counter at a HIGHER PRICE!  Taken aback, I explained the situation with my Seller, that from what I saw in this offer, this was a one time offer, and was to be accepted "As Is."

He immediately decided to not accept the Offer. I asked him to meet me at my office because I said there were other language provisions in the offer that were not -- correct?  I also asked him why he was allowing this Sleazy Non-Broker to represent him in Selling his property when he listed it with me.  He said that the "Sleazy Non Broker" was a friend of his.

Anyway, when he arrived, I pointed out that the Offer was filled with clauses that prevented him as the Seller from: a.) collecting the full $3.7 Million purchase price -- even before the close of escrow; b.) prevented him from suing the Buyer IF he as the Seller found anything during the escrow to be illegal or unethical; and c.) the Buyer had a Power of Attorney clause inside of the offer that would allow him to make Seller decisions during escrow.  Huh?

My Seller was upset.  Though he is NOT born in America, he has lived here the majority of his life.  He was upset that his "Friend" -- the so called "Sleazy Non-Broker" had called and convinced him it was a good offer.  And, when I pointed out that the total amount of Money he'd actually be entitled to upon the close of Escrow was $50,000.00 Max!,  He was not amused.  That's correct: Fifty Thousand Dollars!!  I asked him to tell anyone making or trying to submit offers to have them talk directly to me -- ONLY!  He agreed.

And, he was most upset that he would NOT be able to sue WHEN he discovered that he would have agreed to NOT SUE if he endorsed the offer.

I would love to tell you the names of this "Sleazy Non-Broker," and disclose  the supposed Buyers' names so that you can avoid them at all cost.  But, as I said above, I want to avoid litigation.  As for people who know me well, you can ask me at some time in the future quietly.

For "Honest" Information about Las Vegas Commercial Real Estate Investments, contacting David Howes is easy -- either: davidATdavidhowesDOTnet OR at: 70 25 01 93 88 AND you can Follow David on Twitter: @DavidAHowes

Endgame: What there is out there for young athletes to earn during their retirement.

I still believe that a good portion of anyone's retirement should be a CRE property with a national credit tenant in a NNN Leased investment.  This should provide walk around money during your retirement.

http://www.cnbc.com/id/102313811

Copy and paste link in your browser to read/watch.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Commercial Real Estate Investment Formula!

About 2 years ago, I wrote this to help first time CRE Buyers learn how to view an investment property.

Going through past Posts, I thought this important enough that it should be run again.

Have you ever thought that maybe you were all alone in a situation; you definitely needed help; but, you were too timid to ask for the help fearing you would be embarrassing yourself for NOT knowing simple information?

It's at those moments you need to remind yourself of the old saying: There is never a stupid question! Especially when it comes to Commercial Real Estate (CRE).

So, in order to resolve any anxiety for those new to the CRE world, I present to you (below) information that is absolutely necessary for calculating annual income from a marketed Net Leased Investment Property that you may be considering acquiring for the annual income.

About a year ago, I laid out in this blog about how to calculate net income from a triple net lease.

A lot of you are lay people and this sounds foreign because it is an area of real estate you do NOT usually get into in your daily lives.

Now net income is also known as passive income.  It's the type of income you earn monthly or quarterly as a dividend or investment. The good thing about this is: You only pay a MARGINAL RATE of Income Tax on this earned money -- and that could be zero taxes!  ***Please check with you Tax Professional to verify this!!***

So, the main goal of this formula is to allow you as a Buyer (Investor) to predetermine the (estimated) annual net income (the rent you receive) from a Net Leased Property that is being marketed either by a Sales Price or a Cap Rate.

Usually, the marketing entity for the property will only disclose what the Listing or Asking Price is; and they will state that, that List or Asking Price is a certain Percentage of Return on the Investment (ROI); or, as it is better known as: Capitalization Rate (Cap Rate).

Now, from just these two disclosures, you -- as the lay person -- will be able to get an idea of just what the (estimated) annual income should be and whether or not the acquisition of this net leased property will "fit" your investment income needs -- or not.

The formula goes like this:

Sales Price times Cap Rate equals Annual Income.  (SP x CR = AI)

For example: $1,970,000 x 8.79% = $173,163.00+/-.

And once you have the estimated Annual Investment Income from the Asking or Sales Price plus the additional disclosed Cap Rate, you can figure out your Sales Price by dividing the Annual Income by a Cap Rate you desire to acquire the property at; OR by a Sales Price you deem as a fair market value.

You take the Annual Income you figured by the formula, and divide by the Sales Price you feel is a fair price or by the Cap Rate that you want as an ROI.

Either way, you can figure out from just two disclosed items the third item in such as you can for the Physics Traveling Formula: Rate times Time equals Distance (RxT=D).

So, this is just a basic formula.  The Actual Annual Income should be disclosed in the current owners Financial Statements kept for this particular investment property.  AND, during due diligence it is absolutely necessary to review those statements carefully when considering the acquisition of a Net Leased Property.  And, most Sellers will NOT disclose actual financials unless there is an accepted offer and escrow has been opened.

So, hopefully, this will help most of you who are not that experienced in acquiring income producing properties.  And, hopefully, you will be at ease when considering the next step in actually making a purchase move in that direction.

Now, take a look at the property information buttons in the right column.  Click on one and try the formula out to see if you can calculate an offer price or acquire the property at a higher Cap Rate!

For more Information about Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR 702-501-9388!
AND AS USUAL, ALL INQUIRIES ARE KEPT STRICTLY CONFIDENTIAL!

Small Casinos for Sale in Las Vegas!

When some of you search for a Las Vegas Casino, you have come upon my web site. What a lot of you don't know about casinos is that you as a principal must be qualified by the Nevada Gaming Control Board to even own a Nevada gaming property.

And, this concerns me when I see that my web site has been popping up on searches for 'Small Casinos For Sale in Las Vegas,' because, most of you potential gaming property owners will NOT qualify to even own a casino property here in Nevada.

Now, there are a variety of small restaurants, bars, taverns, sports bars in and around the Las Vegas Valley -- all with gaming -- that are for sale. However, there is only one actual small "casino" that I know of that is truly For Sale in Las Vegas.

As most of you are aware of, the true "casino" properties are on the "Strip" and in Downtown Las Vegas.  There are several "local" casinos in outlying neighborhoods, but these are owned and controlled by large local casino companies. And the small local casinos -- not on the "Strip" -- will still advertise themselves as a casino because they do have slot machines. And, they will call themselves casinos when in actuality, they are legally known as "taverns."  These only have "restricted gaming licenses."

However, I do know of a local "grandfathered casino" property that has an "unrestricted gaming license" where the owner will sell, but his sell price is $5 Million!  It is a +/-5,000 SF building, on a +/-1.35 acre lot.  It is just off a major freeway and located on a high traffic street. It is surrounded by national credit tenants, multiple roof tops and Class A type Office buildings.

So, there is everything about this property that needs to be disclosed.  Any further information requires a Non-Cir Agreement which is located under the Las Vegas Casino Information Button on the right side of this page.

And, the price is the price. According to the owner the price is: "Not Negotiable!"
And, whether you agree or not, you must disclose your financial capability to even receive the property's financials.  And, the owner says: His business' financials are what they are and he will NOT argue that the property is worth less than his Selling Price. OR, whether or not the appraisal MAY or MAY NOT justify the selling price.  The price is the price.

WHY? (you may ask.) It is because this location has the "Grandfathered Unrestricted Gaming License." Which means to the untrained eye, that you can have table games (blackjack, roulette, craps, poker) and the local government body is no longer giving "unrestricted gaming licenses" out any more; AND, any alteration to the existing property will require upgrading to the "new" codes. Thus, elimination of the "grandfathered licensing status forever.

So,...want more information? As i mentioned above, click on the Las Vegas Casino Information button, print out the Non Circumvent Agreement, sign and email it back to me. Then, I will send you the property information.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

"If you want to make Money in Las Vegas, Stay Out of the Casinos!"

And he is correct.

Years ago, when I first moved to Las Vegas, a met with a broker who owned a local real estate firm. It was NOT affiliated with any national chains or franchises.  It was strictly a local company.

As we talked and I was trying to make up my mind about where to hang my Nevada Real Estate broker's license, we were discussing the topic on visiting the casinos. During the discussion, he brought up the fact that too many real estate agents would cash their commission checks at the casinos and walk away from their adventurous gambling spree broke once again.

And, to emphasize his point, he wrote the word casino on a letter size pad.  He then circled it while asking the question: "How do you make money in Las Vegas?"  He paused for a second to let me absorb the effect.  I was stunned and confused.  I was brand new to Las Vegas and the city still had the allure of gambling riches in my mind.  (This is the mind set of the majority of Tourists who visit here.)

I remember starting to mumble something, but he cut me off with the answer: "If you want to make money of Las Vegas, you stay out of the casinos!"*  He then struck a line right through the circle as in the international Do Not Enter Sign!

Point taken.

This is when I first heard the fact that the casinos are NOT built on winner's money.  The only entity that wins is the casino owner(s).

I have remembered that ever since.  And, because I have that thought deeply in-bedded in my mind, I have learned to ignore the casino allure.

However, there is money to be made in Las Vegas.  It might be a real estate property where you are only earning a 6% Cap Rate, but you are more likely to make money on that, than gambling.

A former casino manager (for 30 years) I have become friends with, attested to the fact that only the casino wins at gambling -- every time.  He told me one time that poker -- as in the World Series of Poker No Limit Texas hold em tournament, is 95% luck.

He said that the most successful poker players are just able to win 51% of the time.  Sure, that one time is a million dollar jackpot.  But, most are behind on their bills most of the time -- he said.

So, are you still thinking of coming to Las Vegas to gamble?  As I have stated above, the best gamble in Las Vegas right now is Commercial Real Estate (CRE).

Sure, the Return on Investment might be marginal as in a low Cap Rate, but IF the tenant is a National Credit Tenant, your winnings will still be greater then at the casino.

*This applies only to those NOT qualified to BUY a casino.  IF you can BUY a casino, then, you would more likely to be dealt the winning hand.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Happy Holidays! And a Profitable New Year to You!!!!

Happy Holidays! to ALL and let's all have a profitable New Year!

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

HAPPY THANKSGIVING TO ALL!

I just want to wish ALL my blog followers a Happy Thanksgiving!
It is one of the better American Holidays the entire world can enjoy!

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Another Celebrity-Athlete goes bankrupt!

Okay.  This is slightly different than a story of Not investing properly or making bad investments.

This is a direct result of Not realizing that those close to you can make very bad decisions when they have access to or you have given them large sums of money.

Unfortunately for Jack Johnson, his parents were the ones with little or no investment knowledge or sense.  AND, the fact that Jack had a large sum of money and they had access to it and spent foolishly, he now finds himself in bankruptcy.

(Copy and paste in your browser to read.)
http://www.si.com/nhl/2014/11/20/jack-Johnson-bankruptcy-sad-but-common-story-for-athletes

IF Jack had only given them Income instead of access to his money directly, he would be in a better financial position today.

Advice to me years ago, still stands today.  IF you want to do something for your family money wise, then give them income, DO NOT EVER give a Lump Sum and NEVER give them control over your bank accounts.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Commercial Real Estate 101: Net Leased Investment Formula UPDATE!

Every so often, I begin to wonder what else I should post about.  Then, as I run through past postings, I run across a post that in truth could be re-posted without any redundancy.

Anyway, below is a past post that still rings true for today!

Please enjoy!

Have you ever thought that maybe you were all alone in a situation; you definitely needed help; but, you were too timid to ask because you feared you would be embarrassing yourself for NOT knowing simple information?

It's at those moments you need to remind yourself of the old saying: There is never a stupid question! Especially when it comes to Commercial Real Estate (CRE).

So, in order to resolve any anxiety for those new to the CRE world, I present to you (below) information that is absolutely necessary for calculating annual income from a marketed Net Leased Investment Property that you may be considering acquiring for the annual income.

About a year ago, I laid out in this blog about how to calculate net income from a Net Lease.

A lot of you are lay people and this sounds foreign because it is an area of real estate you do NOT usually get into in your daily lives.

Now net income is also known as passive income.  It's the type of income you earn monthly or quarterly as a dividend or investment. The good thing about this is: You only pay a smaller amount in Income Tax on this earned money.  AND, you do NOT pay social security or other IRS types of tax.  ***Please check with you Tax Professional to verify this!!***

So, the main goal of this formula is to allow you as a Buyer (Investor) to predetermine the (estimated) annual net income (the rent you receive) from a Net Leased Property that is being marketed either by a Sales Price or a Cap Rate.

Usually, the marketing entity for the property will only disclose what the Listing or Asking Price is; and they will state that, that List or Asking Price is a certain Percentage of Return on the Investment (ROI); or, as it is better known as: Capitalization Rate (Cap Rate).

Now, from just these two disclosures, you -- as the lay person -- will be able to get an idea of just what the (estimated) annual income should be and whether or not the acquisition of this net leased property will "fit" your investment income needs -- or not.

The formula goes like this:

Sales Price times Cap Rate equals Annual Income.  (SP x CR = AI)

For example: $1,970,000 x 8.79% = $173,163.00+/-.

And once you have the estimated Annual Investment Income from the Asking or Sales Price plus the additional disclosed Cap Rate, you can figure out your Sales Price by dividing the Annual Income by a Cap Rate you desire to acquire the property at; OR by a Sales Price you deem as a fair market value.

You take the Annual Income you figured by the formula, and divide by the Sales Price you feel is a fair price or by the Cap Rate that you want as an ROI. 

Either way, you can figure out from just two disclosed items the third item in such as you can for the Physics Traveling Formula: Rate times Time equals Distance (RxT=D).

So, this is just a basic formula.  The Actual Annual Income should be disclosed in the current owners Financial Statements kept for this particular investment property. AND, during due diligence it is absolutely necessary to review those statements carefully when considering the acquisition of a Net Leased Property.  And, most Sellers will NOT disclose actual financials unless there is an accepted offer and escrow has been opened.

So, hopefully, this will help most of you who are not that experienced in acquiring income producing properties.  And, hopefully, you will be at ease when considering the next step in actually making a purchase move in that direction.

Now, you can take a look at property information in a different light. Get some property information and try the formula out to see if you can calculate an offer price or a price that would enable you to acquire a property at a specific Cap Rate!

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND you can Follow David on Twitter: @DavidAHowes

Fontainebleau Resort Las Vegas!

About a week ago, I wrote a Purchase and Sales Agreement for the Las Vegas Fontainebleau.

Since last Friday, eight days ago, the company's board has been meeting, to discuss the merits of whether acquiring this property would be beneficial to their company.

Since then, the President/CEO of the company and I have emailed each other with answers to the board members' questions.

Hopefully, I answered their questions which will make them want to proceed with the acquisition.

Now, I am sitting on pins and needles awaiting the board's decision whether they will authorize the president/CEO to submit the offer I wrote for them.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Attention! Athletes & Celebrities! CRE can secure your future, too!

Recently, there was an article about Roger Staubach, Hall of Fame Quarterback who helped the Dallas Cowboys win Super Bowls back in the 1970's!

Now, I do know a little bit about Roger personally. I remember him as a very good Quarterback who made a good living during his Hall of Fame laden career.

And, I knew Roger had invested in Real Estate early in his career and made a name for himself as an outstanding real estate broker. What he is known for today is being a very successful broker who built a company from scratch and sold it for millions a few years back. He did NOT strive for an extravagant, a high flying lifestyle, because he knew that living that way would require him to continue earning a certain level of monthly income that he knew he could NOT maintain.

However, he probably did receive great financial advice early on, which allowed him to maintain his income; or, he refused to believe that his current level of income would ever stay the same. Either way, he set out to secure his future, his future income by acquiring multiple income avenues that were available, and, he planned for the future.

And, with today's athletes and celebrities earning much high incomes then Roger ever did, they will in the short future be completely without any money because of their desire to impress and show off. rather than be impressive with how they are able to handle their current high income.

Now, I must admit that this excessive spending of their income confuses me. And, I am afraid, they don't have the appropriate knowledge or sound advice that would keep their financial portfolio diverse and retain the necessary income that commercial real estate investments will help to keep them solvent into the unknown future.

And, one of those investments -- which I think is one of the best -- is a Net Lease Investment.

With a net leased investment, you will continue to earn income on a monthly basis because as long as you have a National or Regional Credit Tenant, this monthly income will continue and just one net leased property could have paid for a whole lot of things that could extend well into the future.

And, most importantly, these income properties could be used to maintain your monthly expenses -- unless you foolishly buy that overpriced mansion that will suck your money right out of your pockets.

IF you are foolish enough to think that regardless of what might happen to you in the future, you must realize that you will experience time where you could be wiped out immediately from a sports related career ending injury: or even IF you think you would never be involved in a serious life-altering car accident; or that you are immune to a major film or TV flop that you are currently involved with -- think again

Being a celebrity now means you need to securing your future income with a sound Net Leased Commercial Real Estate Investment, is just a simple step away!  Call me to help you earn future income.

Athletic and Hollywood careers have one thing in common: they are DEAD END jobs! Very few are fortune enough to continue to earn the explosive amount of income that is necessary to maintain your lifestyle as you grow older into the future.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Where Tony has failed in Downtown Las Vegas, Developers need to succeed!

I have said several times that a corporate town is doomed for failure.

Unfortunately for Tony Hsieh, it happened sooner than even I expected.  Recent news stories have told the tale of Tony stepping down from the Downtown Redevelopment Project and the subsequent layoffs of about 10% of their staff.

One of the proponents of the project was a former professor who moved to Las Vegas a few years ago to be a part of this development.

Thus, in an open letter to the Las Vegas Weekly, the former professor states that the lack of a plan was the point of undoing to the project's failure.  Apparently, there was no "North Star" to help guide the progress.

Which now is verifying everything I had been hearing about the project.  I have continually stated that more developers were needed to help this project along.  More residential, more office and retail has to go in, in order to bring the correct demographic to Downtown Las Vegas to make this viable.

Since Tony had no direction and the City kept saying to my sources he didn't have a plan, I am NOT surprised at this failure.

IF Tony had brought in developers from the beginning and encouraged their input, things could be different.

With the development of new projects, the city may have had more to Downtown than hotel casinos.  I am talking the return of high paying jobs that are the major component of most "Hub" cities such as Phoenix, Los Angles, San Diego, San Francisco, etc.

Without these high paying jobs, Downtown Project's lack of vision was going to end up a train-wreck -- which is what has happened.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

David Howes Sells NW Las Vegas Office Building!

That's right! I closed escrow on a small +/-3,300 SF office building with a non-denominational Christian church as the tenant.

Many potential buyer/clients had asked me to find them a steal, yet only one buyer actually took the plunge and made an offer which was countered and we were in escrow for roughly 30 days.

We closed escrow or on the sale this past week and the Buyer is now the proud owner of a building that will garner enormous equity in the next two to three years. That's my prediction!  He will double his investment by the time the church lease has expired.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Las Vegas Adult/Topless Club Available For Sale!

The Owner of a well located Adult Cabaret Licensed property in Las Vegas has asked me to find a Buyer for his Club.

The Real Estate and Business is available for the Reduced Price of $10 Million. And, this price is the Sales Price. It is Not Negotiable! No financials will be available to any Buyer who wants to verify the business cash flow; and/or argue that the property is worth less than the asking price. NOR, will the price be adjusted because as a buyer you want an appraisal that MAY or MAY NOT justify the Selling Price. If you want a Fully Licensed  "Adult Cabaret" Club with "Full Alcohol" AND "Restricted Gaming," this is the location regardless of the Selling Price.  The local authorities are NOT giving out any more combination licenses.

The purchase price includes: the +/-2.04 acres surrounding the +/-17,000 SF Free Standing building, a double sided billboard sign, and a small .6 acre+/- leaseable car sales lot (which this small +/-3,200 SF building could be demolished to create additional parking for the club!)

The Topless Club was remodeled a few years ago and has been well maintained. Per code, the Owner updated the club with fire sprinklers, a new sound system and Slot Gaming!

So, as you all know, this is NOT for everyone.

As a specialty use in the Commercial Real Estate (CRE) world, only a few will be able to own and operate a club where women dance in scantily outfits (G-String bottoms only) and men can drink and gamble. Oh! And you can smoke cigars while the Ladies entertain you!

This is the perfect setting for a young man visiting Sin City!

This Adult Topless Club is located in the right location, near the major Resort Hotel Casino Cooridor. It is the very best located Adult Club in Las Vegas and one of the best for Topless Adult Entertainment.

IF Interested but the Real Estate Acquisition Price is a little high for your budget, the Owner would sell the  Business at $1.5 Million and Lease the Real Estate at $25,000 per month on a Five Year Lease.

For more information, Email me your contact information, your financial capability for full disclosure of the property.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Downtown Las Vegas needs more Developers!

What I don't understand is why commercial and residential developers are avoiding Downtown Las Vegas like it is a plague. There are only flippers coming to my listings and telling me how overpriced they are. Then, I find out that these very same "investors" are flipping other under paid for properties to Tony's Downtown Redevelopment Project. It's as if they are stealing the owner's equity right from under their noses.

So, my question is: Why haven't developers been searching for properties in Downtown?

Tony has bought quite a few. And, I have Sold four Downtown properties to Tony. And, I have several more available For Sale but for some reason, Tony has slowed down his buying spree. And since he has slowed down, now is the opportunity for Developers to move in.

And, Yes! Properties will cost slightly more than the Developer would usually pay. BUT, without competition, Tony's (unpublished) plan will fail.

What is needed is: more residential, more restaurants and retail, and store front office.

I have property in all categories. Industrial is NOT zoned for this area.

What is NOT needed is more festivals. There are already enough being held in this area.

So, Developers! Let's get together and figure out what is best to do for ALL concerned. Let's get some major development going and then we can all make money.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes