Showing posts with label Resorts. Show all posts
Showing posts with label Resorts. Show all posts

Saturday, August 5, 2017

Neighborhood Retail Centers For Sale in Las Vegas!

Now, most people have been to or even frequent a local convenience store that usually sits on a high traffic corner of an intersection.

Most of you don't even give these locations a second thought.  You pull into the "gas station" (the Gas Pump) pay for the gas you need and begin refueling.

Now, sometimes, these location also have other shops and stores that line up along with the convenience store.

Sometimes, these convenience stores are stand alone properties -- notably a 7-Eleven, or an ARCO.  You get the drift.
Most, however, will have other stores lined up along side the Convenience store.

Then, again, they might just NOT have the convenience store anchor.  Which is okay, too!

Now, last week, I noticed a marketing brochure in my Inbox from another broker asking for help to find a buyer for a 'Strip Center' he has listed.

Anyway, I have a client looking for such a property and forward the information to them.

What got me thinking is this property -- though leased up only +/-75% would be a good buy for someone looking for a passive income. (Even with the less than stellar occupancy, this property still nets $204,000 per year.)

So, I decided to send it out to other investors to see if they would have any interest.

To my surprise, there is interest.

Which got me thinking: If these investors find this property of interest, why not you?

True, it is NOT sexy.  It's NOT a casino; or a Resort.  It's not something to brag about.

But, it is INCOME.

And, the last time I checked, everyone needs income -- no matter what your tax bracket is.

So,...if interested in acquiring a property that provides 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!

Wednesday, July 26, 2017

The dog days of (potential) economic recession!

On September 15, 2015, when I thought "things" were about to get really, really better (economically speaking), I wrote a blog about the Chinese devaluing their Yuan.

(Here is part of what I wrote:
Algebra!  It is the curse of me.  To this day, I do not understand: x+y=z!  Huh?
The odd thing is, my dad was an electrical engineer; thus, algebra was easy for him.
My wife, also, understands algebra.  She uses it everyday at her commercial interior design firm.

I even have an uncle who has a phD from HAAV-VAARD who I know understands algebra, too!

But, most of you, are probably just like me.  Algebra is a foreign language -- much like currency exchange.

I bring this up because, like you, I read that China devalued it's Yuan.  (Please do not try or even think of attempting to explain this to me.  I am lost just thinking about it.)

So, as of this AM, one Yuan is equal to $0.16 US.

I suppose this is good.  However, since I know very little about currency exchanges, I can only assume that the Chinese government did this to prevent anymore money from leaving China.  With the Yuan devalued, I guess it buys less foreign property and/or goods.  Am I right or wrong?

So, since this investor's money is coming through China, I don't understand the algebra of it.

How does depositing money into China, thus turning it into Yuan, help you acquire a Las Vegas Resort for less while also gaining more in value?

One day, I will probably understand.  But, I am not going to just sit around waiting for the answer to come to me.

So, was I off my much?

I ask because I just received notice from my Co-Broker Partner who lives and works in Australia that the Chinese Government is (essentially) halting any more Chinese firms from investing further in USA Real Estate.

Why?  Your guess is as good as mine.  From what I've read, the Government fears a cash shortage if anymore Yuan's are converted to Dollars and they leave the country.

(This relates to the algebra problem I mention above. =) )

Anyway, as I sit hear wondering just when this crack down on money exiting China (?) will end, I am hoping to between now and then, my survival mode keeps me aloft.)

The only thing I think right now is closing something.

Did I mention I listed a motel casino?  Give me a call if interested in the 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!

Wednesday, July 19, 2017

Mom & Pop Casino For Sale!

When I established my web site many years ago, I truly didn't have faith in it leading to very many clients.

Well, at least the web site hasn't disappointed me.

Anyway, recently, my web site has allowed various real estate property owners to contact me.

To my surprise, one husband & wife team did give me a call to ask about selling their local casino.

Now, for you want to be casino owners, don't get too excited.  Owning a casino is a full time 24/7 job.  So, unless spending your time always "on the clock" isn't for you, then casino ownership may be a thing you'd let others do.

I say this because these mom & pop clients want to sell because of that fact.

Now, this is a local casino in Nevada.  Unfortunately, it is NOT in Las Vegas.  So, the bright lights of the Las Vegas Strip won't be shining in your eyes as you make your way to and from 'work."

But, this property is a fully licensed unlimited gaming casino and it does have 60 motel rooms and suites for your traveling customers comfort.

The property does have a steak house restaurant, a Chinese Restaurant and a lounge.

The property is a combined +/+9,500 SF property on a total of 1.94 acres right smack in the middle of town on 'Main Street.'

(Obviously, NOT the subject property since this is no longer standing.)

Unfortunately, as the husband owner said, they are directly across the street from their biggest competition.

True, there are a variety of small restaurants, bars, taverns, sports bars -- all with gaming -- that are for sale in and around Las Vegas itself.  But, this property is the only actual "casino" with motel rooms (that I know of) for sale in this region of Nevada.

The owner of this property is asking $3 Million.

So, that is all I can disclose at this time.  You will have to email me for the Confidentiality Agreement in order to see the financial and property details.   Any further information requires this signed document.

Now the owner says the price is the price, but I know there is some wiggle room.

Is it making money?
For that answer, the signed CA is required.

Plus!
I need to know a little more about you as the buyer.
So please be prepared to disclose your acquisition capability. I don't need it up front.  But, your proof of funds will be required with any offer that is to be presented to the owner.

Once you've owned a casino for a while, you'll understand this tactic.

So,...

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, July 4, 2017

Happy 4th of July - Independence Day is here!

To show my Patriotic Spirit, here are some images of Las Vegas Fireworks!

 Fantasy!

Reality! 




Happy Fourth of July!

PS: (Now, I will prepare to dog sit two dogs that dislike anything that goes BOOM!)

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, June 29, 2017

Make America Great Again? It always has been Great!

This past years General Election did wind me up and probably not in a good way.

When one of the candidates was campaigning on a racist platform, I was confident they wouldn't win.

Okay, they won -- the Electoral College.

Oh, well.  Time to move forward.

But, will the mostly poor counties that are stuck in the past be able to move forward?  I'm not sure.
It's like some one who tries to do the same thing over and over and they continue to expect a different result.

Are they insane or just showing signs of being an imbecile?  (See!  I am improving!  Last year I would have said: Crazy or Stupid!)

Anyway, I will leave invalidating other people to the bullies.

Today, I ran across this news story that I (think I) had seen on fivethirtyeight.com.  But this one was published by the New York Times and Re-printed in the Las Vegas Sun.

Apparently, America is changing.



https://lasvegassun.com/news/2017/jun/29/census-time-machine-sioux-falls-past-vegas-future/

So, if you have racist tendencies and believe that America would be 'Great Again' with more Caucasian people than 'others,' then you will be greatly disappointed with the projections this story has.

Personally, I never thought that America was "All White" to begin with.  But, that's just me.
Fortunately for me, too, I also live in the city that is probably already where the rest of America is going to end up -- population diversity wise as the story predicts America will be by 2050.

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!

Sunday, May 21, 2017

Qatar quietly becomes one of New York's Largest CRE Owners

Even before 9-11, I never thought that anyone who was a Muslim; or some one who was Islamic was a bad person.



And, back then, before that awful day, I used to frequent a sandwich shop that was owned by a Muslim man who was a very, nice and pleasant person.  He seemed to always be glad to see me.

When I'd enter his business, he was friendly and accommodating -- well as any businessman is supposed to be.  And, during the time we met at his lunch counter to order my "usual,' we'd have 'small talk' about life in the big city of Las Vegas.

Toward the end of our 'lunch meet,' he would complain about his immigration status, and how his visa was soon to expire and how he had exhausted all attempts to extend it, etc.  As he was going through this, I sensed his frustration with America and his resentment toward 'having to leave.'

IMAO: US Immigration laws need to be updated/changed to allow longer stays/allow visa holders to apply for citizenship easier.

Anyway, I saw this article and started wondering about 'Al.'  It's been close to twenty years now and wondered what has happened to him.

He was a young guy and smart and polite and to this day, I still don't fully understand the Islamic or Muslim religion.  But, I don't think of it as bad.  I think of it as something I need to explore -- maybe even familiarize myself with in order to fully comprehend it.

That aside, when i saw this news story, I also thought about: Why do foreign companies buy American Commercial Real Estate? I am fully aware real estate will have an intrinsic value increase as it floats through time.  But, foreign buyers they are buying because -- for the most part -- our tax system is very, very favorable when compared to the rest of the world.

Which makes me think: If the US taxes are so high, and so unfair, why are foreign companies pursuing US Real Estate so much?

Here is the story I read that made me think this.

Qatar One of New York City's largest CRE Owner

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, May 1, 2017

Small Casino For Sale in Nevada!

I've had my web site for some time now.

But, it wasn't until recently, that my web site, actually provided a lead for a casino for sale!

And, this happened in the last two weeks.

So, now, I can honestly say, I have a 'Small Nevada Casino Motel' For Sale!

This property is small relative to any of the Las Vegas mega resorts.  But, it is a stepping stone in the right direction for an entrepreneur looking to venture into the gaming business.

With the assortment or variety of any number of small restaurants, bars, taverns, sports bars -- all with gaming -- that are for sale, this property will allow an owner-operator to actual 'own' a "Casino."  (It does also have motel rooms.)

(This is NOT the Casino that's For Sale)

The owner of this property tells me he wants to sell because he wants to 'get out of the casino business.'

I'd tell you more about this property, but because a Nevada Casino license takes a certain type of person that needs to be approved by the Nevada Gaming Control Board, I think you should email me  your qualifying information prior to any disclosure of any property particulars.

Yes, it is going to run you in the millions of dollars.

So, if you think you'll qualify for a gaming license...

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, March 29, 2017

A New Beginning for Las Vegas?

Las Vegas!

Everyone knows your name!

Translated, it means Fun! (Not really.)

But, when some one, anywhere in the world says: "Let's go to Vegas!"
Everyone, no matter where you are in the world, knows what they mean.

And Fun means: Lots of Free Alcohol (if you are gambling), Gambling (if you are drinking free alcohol), and Partying all night long (a result from gambling and free alcohol).

So, when the NFL took up the topic of: "Should the Oakland Raiders be allowed to become the Las Vegas Raiders?  For some reason, they voted 31-1: Yes!

And as the insert article from Casino Industry Gaming News states: It was money!

Gambling Finally Becomes Non Issue With NFL Owners

That's because "Money Talks and Bull S@&t Walks!"  Is the old saying, isn't it?

And, they Voted, Yes despite the facts that Las Vegas doesn't rank very high media wise,  But, according to their vote result: Las Vegas still ranks! (No pun intended.)

Las Vegas City Rankings (Just for Fun!)

And, lastly, and this is my personal assessment, as a place to live, work, and raise a family (having lived and worked in other markets) Las Vegas is Number 1!

I think the best thing is: Nevada doesn't have a State Income tax.

Lots and Lots of money pours into Nevada via the Mining Industry, just as well as the tourism industry.

Las Vegas roads are wider than any other city in the world -- even wider than the city (supposedly) built for cars -- Los Angeles.

And on the outside looking in, Clark County and City Planners are more up to speed as to what is necessary to make traffic flow easier around the valley.

When people I'm with complain about the "Orange Traffic Cones" lining the streets, I remind them  that, that signals progress and growth!  We may NOT see the results of that growth immediately, but we will as traffic volume increases, the roads are already wide enough to handle that traffic.

And repairing roads, building much needed On and Off-ramps, wider Freeways and Streets, is all part of a growing economy.  A Valley destine to grow even larger.

Years ago, a developer told me: "If you don't have orange cones in your roads, you have a dwindling economy."

I think Mark Davis knew this and wanted to be apart of it.

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, March 20, 2017

How Do You Make Money Living In Las Vegas?

Not too many people ask me this question.

Most family members and friends understand that I am not too tempted by gambling.  Oh, sure, once in a while I will play $21 in Megabucks.  And I have driven a handful of times to Prim or even to Arizona to purchase a Power-ball ticket.

Yes, those, in retrospect have been such a waste of time and money.

But since the most money that I have ever won at gambling is $150 dollars, I quickly cashed out and put that ticket in my pocket. (I guess I'm cheap like that.)

Anyway, since it isn't a well-known fact, that the average Las Vegas resident gambles +/-$2,000 per month while living here, I like being the one that doesn't gamble at all -- or truthfully anywhere near that amount.

When I first moved here and was searching for a Real Estate firm to hang my Nevada Real Estate License, I had one meeting with a broker at the time who knew just what to do when the subject about real estate commissions came up"

He asked me: 'How do you make money in Las Vegas?'

Stumped, I gave the standard response of: work hard, be persistent, etc.

He said, in his experience, he has seen way too many real estate agents take a hard earned commission check down to a local casino, cash it, and by the time they leave (usually several hours later) they have nothing left.

He took a piece of paper (like below) and wrote the word Casino in the middle, he circled the word for emphasis.

Then, looking at me with earnest intent, he said, "Stay out of the casinos!'

Well, I took that as probably the best advice I had ever heard.  For one thing, I don't like the 'Strip' casinos because they are well, you know, greedy.  And, the noise and crowd isn't something I am attracted to.

Besides, once I moved to Las Vegas I found out for the first time that a casino would be willing to cash a pay check -- without taking the usual 15% that check cashing places take.

I told the broker, that I have a young family and cashing a real estate commission check at a casino wasn't something I was going to do.

I remember him saying something like, 'I hope not.'

It was apparent, that this broker knew too many agents that did that.

Eventually, I hung my license at a firm closer to where I was living at the time, and through the years, I have learned that agents do -- for whatever reason -- gamble away their commission checks.

To me that is probably the dumbest thing you can do.  The reason I know this to be true is: only one person makes money in a casino -- the owner.

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, March 17, 2017

Anyone know what you can do with a Shuttered Prison?

When I first read this, I thought:
Why not convert it into an office?
Then, I remembered, offices are losing traction because computers are taking over most office work functions.

Then, I thought:
Why not turn them into schools?
Well, I already proposed that vacant malls be schools because the conversion would cost less in the long run.  Besides, a prison as a school?  Most children already consider schools like they're prisons.

So, what do you do?




As this news story from the Las Vegas Review Journal indicates, there is not much interest in anyone acquiring a former prison.

So, that leaves me with the only suggestion that I think will work long term.

Tear it down.  And leave the vacant lot as a garden park.

The one potential bidder in the below story thinks turning it into a theme park would work.

Oh, well.

Shuttered Prisons

What would your thoughts on this be?

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, March 9, 2017

Simply for the Benefit of Building a Hotel in Moscow

With the "surprise" results of the 2016 Presidential Election, I don't think - looking back -- anything would have changed,

Trump made promises that, at the time, I knew he wasn't going to keep.

"Make America Great Again!" Great slogan!

But his promises to the 'non college educated' will ring hollow.  Several news agencies who have had sit down talks with these former factory workers who voted for Trump simply because they felt he was "one of the union guys."  He is going to bring our jobs back, they say.

LOL!

Trump a union guy?  You have to be kidding me!  Bring jobs back?  My question to these former factory workers is: Are you that uninformed?

+/-60% of all jobs lost since 1979 have been to automation!  Those jobs are NOT returning to human workers!  Never, Ever.

And the guy who you think of as a 'Union Guy,' actually refused to pay the union workers when they did work on his bankrupt casinos!  I don't think of Trump as a union guy.  Never will!

So, don't get me started.

And, with the Trump White House calling the media the "enemy of the state" simply because the news media has dug up information revealing Trump (and/or members of his team) have had constant contact with Russian officials throughout the 2016 campaign, that actually bothers me more than it should.

Apparently, Trump is more than desperate to (allegedly) build a luxury hotel in Moscow.  This is the only thing I can think of that would make him as a patriotic American turn his back on his country, his countries allies, and destroy the America way of life as Trump seems to be (allegedly) doing.

This article is one of the best at explaining the Trump Putin connection situation.

Trump Ties to Russia


I will let you decide whether or not Trump is 'unpatriotic.'

But, wanting to build a hotel in Moscow must be worth more than we can imagine for Trump to put together such a diverse team who all have such close ties to Russia, Russian officials, and Putin.

For one thing, World War II should have taught us that if Europe is divided into individual Republics, it is easier for a more powerful nation to knock them down, one by one, like dominoes.  This is because the neighboring Republics don't want the more powerful nation attacking them.  But, as history has shown, the powerful nation usually attacks without provocation anyway.  (See Germany circa 1939)

But, as a union of united European nations, if the powerful nation attacks one; then, they have attack them all.

And, Putin understands this.  He is all for European Republics being separate nations.
This makes me think that Putin (allegedly) even wants the United States to be 50 individual nations.  You are capable of doing the math.

Also, it is reported that in order to do business in Russia, Putin (allegedly) demands a large portion of that business so he will allow you to do business in Russia.  And, (also allegedly) it has to be given to him.

Just ask any of the Russian Billionaires who refused Putin.  There are stories of them being thrown in prison until they agreed.  (And sadly, some stories say they have even have been killed.)

Its a sad, sad world we live in right now.  Enemies are pretending to be friends; a President is pretending he can lead, and the White House Staff is squirting out the fake news insult phrases when the media contradicts Trump.

I don't know about you, but I find this absolutely annoying.  All it is doing, is helping to divide the United States into the Confederate States once again.

If only the GOP controlled Congress would stand up to the bully at the pulpit.  They could nip this in the butt and right the ship.

So, I ask: Is Donald Trump truly that unpatriotic that he would lead Americans to their demise -- simply for the benefit of building a hotel in Moscow?

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, February 27, 2017

Urban vs Rural; OR, Blue vs Red

A couple of weeks ago, I wrote a blog about how 57 counties in the US of A are responsible for 2/3's of the nation's GNP; while 3,182 counties or there about only contribute to 1/3rd of that amount.

This got me thinking about an article I read a long time ago from a Princeton University Professor who said we didn't live in Democrat or Republican Societies; we actually live in Urban and Rural Societies.

I now know this to be more true than ever.

For the most part, Urban societies are about growth, working and living close to each other.  This actually requires Urban Society rules of courtesy and accommodation; whereas, Rural Societies are more about individual strength, living on your own, providing for yourself and family what the land gives.  They are more encouraged by self governing, and not worrying about whether your neighbor is making too much noise at 2 AM.  Rural Society feels that any government regulation is an intrusion upon their lifestyle.  So, they are not going to have any part of it.


Once, while talking to an Urban Planner, he remarked that Urban Society rules will work in a Rural Society Setting just as wells as in the city;  but, he continued, that, Rural Rules would never work in an Urban Society Setting at all.

And, I think that is the reason Rural Society doesn't like or fit into Urban Society -- especially when Urban Society moves too close to Rural -- think Oil and Water.

Let's take for example, this current news story from the Las Vegas Review Journal.  A lot of you will have no idea what or where Blue Diamond is -- except you might think that, that is the name of a Street here in Southern Nevada.

Blue Diamond Development

But, a local developer, who acquired +/-2,400 acres on a Mesa in the southwest of the Las Vegas Valley, wants to build single family homes on what was once a Gypsum Mine located on this Mesa; and, the good folks of Blue Diamond, being the proud members of a Rural Society, don't want the influx of traffic, the new homes, and especially -- the number of people who would be using this new development as their place of residence.

That's right.  The current residents of Blue Diamond don't want Urban Society invading (moving into) their Rural Society.

Which is sad, because, with the influx of the new homes, this Rural Society would see the increase the Blue Diamond's revenue, increase in retail spending, newer commercial development, and the ease of expanding their economic output.  Thus, in other words, increasing their profit potential from adding to the County's, State's, and the Countries GNP!

But, because of their 'back off!' attitude; which could easily translate into we don't want your kind, which is mistaken for racial prejudice -- regardless of Who actually moves into the new development, they would forgo the economic improvement to their lives because...well, their Rural Society Lifestyle would have to change -- for the most part.

Now, I am sure that the current residents of Blue Diamond are very, good God fearing, wonderful people.  But, unless they understand that the only way to improve themselves and to improve their lives is to embrace progress, their community will eventually die -- just as other counties in other states where they solely only want their old factory job to be returned to them that in reality is never, ever going to happen.

In an Urban Society, from what I can tell, progress is the way for an Society -- whether Urban or Rural -- to continue to look forward to the  horizon that is directly in front of you.

If you are just looking at what was, and not at what could be, this has and always will lead every Society to ruin.  Just take a look at the numerous ghost towns that failed to see what was coming.

Urban or Rural.  Progress keeps a Society active and economically growing.

Just my two cents.

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, February 25, 2017

Las Vegas CRE Resort Investment Property Do's and Don'ts!

For some reason, quite a few "investors" ask me about financials for certain 'well located' Resort, Hotel, Motel and Gaming Properties.

Looking at and analyzing the financial statement would be the normal way of processing whether or not a 'well located' property is worth a specific sales price.

However, Las Vegas Resort properties suffer from the fact the Owners are well aware about their property situation, and the prominence of their location.  And, since most of the 'Buyers' are unaware, it is important for these Buyers to know and to understand -- before even asking -- that the most important feature of these properties are: the H-1 zoning, the fact that they lie within the Clark County Gaming Overlay; and that there is a future upside IF a certain Resort Property has elements  surrounding the property that would evolve into a massive development.

So, what is the current owner to do?  Well, that answer is easy: they hold out for their price.

Unfortunately, these well intended Buyers come along, and they 'think' they are smarter than the Sellers; and they try in vain to overtly explain to the Seller the 'why?' the Resort property isn't worth what the Seller wants in order to sell.



For example, the $10 Million an acre is a number that is thrown around here in Las Vegas for property located on the Famous Las Vegas Strip.  (Now, this is an approximate measure of value that the land under the Resort hotel, motel that Sellers use as their gauge of value for their property.)

The problem with this is that there are some Buyers who will -- because of a sense of desire -- overpay for a property -- thus set an unrealistic bar for us Real Estate Brokers.

Yeah!  It is great for our bank accounts.  However, it sends an unrealistic value ripple effect through the neighboring properties.

When this happens, the Owners/Sellers now think that their property is worth that or more simply because their properties are NOT vacant, better maintained, even though NOT as 'well located.'

So, when I know of a property that is available for sale at $10 Million an acre, lets say, that I know that, that price -- set by the 'Seller' -- is in fact worth that amount because a similar property down the street sold for that exact amount.

And because of this established price, asking for financial information, will NOT reflect the Sellers Selling value adequately.

I do know that the financials show a particular Cap Rate; and, I do know that the high asking price will be more than a buyer is used to paying to acquire a well located property.  But, since the Seller has bought and Sold properties through the years, I do know, that they know the value and will sell at that value.

You understand, right?

So, potential Resort Buyers, please listen to me: when you review the marketing information I send you, please remember that the price is the price -- especially for a Resort property along the "Strip."

So, 'Do' ask me questions about Las Vegas Commercial Real Estate!  I will gladly answer all of your questions as honestly and as effectively as I can.

But, please 'Don't' come to Las Vegas thinking you are going to acquire a 'well located' Resort property below market value.

Hopefully, you and I are now on the same page?

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, February 18, 2017

Well, Caesar's had to have had a way to pay for their Bankruptcy!

When I first heard this, that's what I thought.

Caesar's Entertainment just completed their bankruptcy and since it cost them tens if not hundreds of millions in attorneys fees, I knew that, that cost would be passed on to their visitors somehow.

Well, that's not the official standing, anyway.
The Caesar bosses are proclaiming better WiFi service in the rooms, maintaining passes to their property's fitness center, and a whole lot of other gobble-gook.

But, the fees are here to stay -- and they will charge them for as long as visitors continue to book and stay at their properties and are willing to fork over their hard earned money.

Resort Fees to Increase at Caesars Entertainment Properties

Anyway, the other sad note is that even Free Parking at Resort Properties is a thing of the past, too!
Now, if you are staying at the property there is a discount. But, that varies property to property.

Years ago, when I first moved to Las Vegas, I took a part-time job as a taxi driver -- to get familiar with the city and 'Strip!'  And, once picked up a lady at a casino and drove her to the airport.

Along the way, as we were talking, she said (paraphrasing here) that she remembered when Las Vegas was eloquent.  She said, Las Vegas had turned into a K-Mart.  When she first came to Las Vegas years ago, it was a different time; a time when people dressed up to go down to the casino just to gamble.



I asked: why did she think it changed so much?  What she said next, I will remember this for the rest of my life.

She said, Las Vegas changed when the casinos were bought up by corporations.  She said when the 'mob' ran Vegas, they made sure you got a meal and freebies to remember your visit.  Now, she continued, everything is a profit center.

And she laughed, even housekeeping.

As I sit here today, I ponder her statement. and ask myself, How are they going to make money through housekeeping?

Oh, that's right!  In the future -- near or far -- prepare yourself for a Resort to charge a "Housekeeping Fee."

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

Saturday, February 11, 2017

Are Congressmen & Senators Non-College Educated, Too?

Don ran an excellent Presidential campaign that focused on core issues as "bad" (when they weren't) and stirring up so much anti Hillary sediment.  While doing this, he confused rural Americans into thinking because he was a businessman, he was the "only one who can fix it" person.

(The problem with this is that throughout US history, businessmen who became president are some of the worst presidents ever! (Don't believe me? Look it up.)

And, this: "I'm the only one who can fix it" attitude, enabled him to confuse and con the rural Americans into voting for him.  They (apparently) goose-stepped to the polls thinking he was going to be able to do what no other President would or could do.

(Boy, did these rural Americans get conned.  The majority of rural counties (+/-3,100) voted for Don; whereas, the majority of Urban counties (+/-57) voted for Hillary.)

And all during the 2016 Presidential campaign, Don kept saying how bad the Affordable Care Act (Obama care) was.  And, by doing this, he convinced rural Americans that the insurance that was actually helping them, was horrible for them.

However, the problem with Obama care, according to the Speaker of the House, Paul Ryan, was that insurers systematically pulled out of states -- thus enabling one insurer to have a monopoly within that state, that enabled them to charge more money in that state, thus the monthly increase in their premiums.  (And, they were able to do this because of the limited, or very, very weak Federal Regulation.)  And because there was no mandate stating: "You must provide insurance to all," They decided that they weren't making enough money.

Through the years, I've asked why there is no Federal Regulation for Insurers -- just as there is for Federal Mortgages, etc.  You've heard of the 'Equal Opportunity' line when applying for a mortgage, right?

So, why is there no Equal Opportunity for Insurance?

Paul Ryan explains why ACA Premiums increased

The reason is: the insurers don't want any Federal Regulation on their industry, so they continually lobby and contribute (pay off) to Congress person elections to avoid being regulated.

The problem is: Insurers are in the business of making money.  They truly don't care whether or not you are healthy; or, have adequate health care coverage, as long as you pay them your premium. That's all they want.

Oh, and if you want to have better coverage, or have a lower monthly premium, you must have a higher than normal deductible.  (Does this sound about right?)

Affordable Care Act Explained

And, the protests we are seeing at Congressional Town Hall Meetings of these Congress persons from these rural American Counties, is having an affect on them.  Even these supposed Non-College Educated rural Americans are finally realizing that they were conned, too.

These elected Congress persons or Senators are starting to feel the heat that repealing Obama care as Don has demanded -- or even changing it to what the insurers want -- will result in them NOT being re-elected.

This makes me think: Are these politicians Non-College Educated, too?  It's obvious, they didn't understand the Affordable Health Care Act in the first place.

I know that Don still doesn't understand it.  (He claims he doesn't like to read, so, I am guessing that he hasn't read it, nor has anyone around him.)

Don't Change My Health Insurance

So, all you politicians: Maybe it's time that you stop taking insurer's money and start focusing on your constituents, because if you don't; if you continue to support a bad president and his lame policies, you will be out of office the next election cycle.

Ignore Constituents and you are out!

Now, I knew that there was a huge campaign to 'Hate Hillary' this past Presidential Election.  I just didn't think rural Americans would be so easily persuaded as they were.

PS: If running for president, please remember: "Democracy was never meant to be efficient."

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

Saturday, February 4, 2017

If I ever run for President, I will run as a Republican because they believe everything that Fox News tells them.

To me, it is astonishing to realize just how uninformed the majority of US Voters truly are.

In 1998, Donald Trump said, "If I ever run for President, I will run as a Republican because they believe everything that Fox News tells them."

Unfortunately, Don was correct.

In the 2016 Presidential election, out of all the US Counties, Don won 3,100 plus! (I still don't know why these county residents were swayed by the Trump/Bannon hateful rhetoric.)



But, what most people don't realize is that counties Trump won in the US election are the lowest producing economic counties in the US.  The one lone exception that stands out to me is: Maricopa County, AZ.

The sad thing is, Clinton carried the counties, that combined, make up 64% of the US GNP.  Which means that the 57 Counties who voted for Hillary Clinton are more prosperous than all the of counties that Trump won.

Counties with highest GNP

This leads me to know that if a county is that prosperous, and they supply so much economic value to the country, why don't the other counties that are poorer, follow their lead?

I realize that most can't do what most of the more prosperous counties do.

And I believe that the reason is, they don't look beyond their horizon.  They don't see the forest for the trees.  They keep doing the same thing over and over, expecting a different result.

They (foolishly) believed that an arrogant, narcissistic man who said he will bring their jobs back, when in fact 60%+/- of those "lost" jobs (since 1979) never, ever left the country in the first place. (Automation was cheaper for the factory than the human.)

But, instead of re-tooling; instead of looking ahead; these (now old) factory workers longed for their widget making job back.  (Massive mistake.)

So, if 50 counties have more economic power than all of the counties that Trump won, why don't those 3,100+ county leaders do something about it.

Could it be even the leaders of those counties can't get out of their own way?

The bottom-line is:

Trump is NOT going to bring back any of those lost jobs.
Trump will waste money building a "wall" along the southern border when in reality, it is not necessary.  (90% of Illegal Immigrants overstay their visas.  They don't stupidly attempt to cross 100's of miles of open desert.  It is a deadly thing to attempt. I don't care what the Reality TV shows indicate.)

Trump WILL increase the US National Debt by doing things that cost money, without a means or way to pay for them.

Sure.  Trump can cancel overpaying for a new plane; Trump can sign lots of 'Executive Orders' banning Muslims from entering the country (Out of ALL the Muslim nations, he selected the 7 nations where he doesn't currently have a business or operating hotel interest.)

Yet, Trump doesn't know how to play well with others.  Leaks from the White House indicate there is a pending massive exodus waiting to happen.  (And, he has only been President two weeks!)

You can only invalidate some so much before they lose respect for you as a person and/or leader.

(Trump, I believe, thought being President amounted to him just issuing orders; and Congress goose stepping along with those orders without questioning him.)

Sooner or later, (I hope sooner) the non college educated voter will realize just how stupidly they were selecting the man with the big mouth spewing hateful rhetoric.

And I hope and pray somewhere within the walls of Congress, an impeachment process is lingering.

If Obama had tried to do any of this stuff that Trump is trying to do, the GOP would already have begun the impeachment process.

Democracy was never intended to be efficient!

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

Thursday, January 26, 2017

And that is the way it should be!!!

The Nevada Supreme Court upheld the HOA's right to foreclose on a property which voids any and all mortgage liens that affect the property.



If you are a lender, bank or investment company, and you don't keep an eye on your investment, then losing your interest in that property is the end result.

HOA Auction Story

A few years ago, I went to one of these HOA auctions to check it out.  I soon learned that I didn't have enough money to compete with 99% of the investors there.

But, I watched, listened and learned just what these investors already knew.

Acquiring a property (usually a SFR/condo home) at an HOA sanctioned auction was the best way to acquire one for under market value. (Please keep that between you and me!)

And, the winning bidder receives the property for cash free and clear.

When I was there, two investors continually tired to out bid one another for a home.  The property was eventually sold for $151,000.  I learned that the losing bidder just hadn't brought enough money to the auction.

Later, I looked the address up and discovered it was a Summerlin mansion that the owner couldn't afford the HOA payments on anymore.  The HOA foreclosed, did their necessary disclosure work, held the auction and the bank was out!

And, while there, I noticed that a lot of the homes being auctions off were already bank owned and the banks simply just didn't pay the monthly HOA fee.  Thus, the bank had foreclosed on a property, added it to their asset list and simple stop maintaining the HOA monthly fee.

Well, the HOA needs that Monthly assessment to maintain their communities. So, too bad, Mr. Bank.  I truly don't feel sorry for you for any bank or mortgage company that created and funded those horrible loans 10 to 12 years ago -- just to sell loans on the Secondary market.

And now the bank are considering bring them back, again?  Obviously, the lesson wasn't learned.

Sure, let's buy a home (we can't afford) on a 100% LTV stated income loan!  Stupid is what it is.

Now, hopefully, I will close a few more deals; and then, I will have a little more extra cash to try the HOA auction process again.

See you there!

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

Sunday, January 22, 2017

Could Vacant Malls be Renovated into Schools/Classrooms?

As I await for the continuation of the NFL Playoffs, I was cruising the usual Internet sites and came across an article about Department Store CEOs who are being replaced because of poor retail sales.
(Of course it is exciting to me!)

Anyway, with Amazon and e-bay taking rather large bites from this sector, and the fact that stores and malls are closing left and right, it got me thinking: (I know, not a good sign.) Since most communities still need schools, and most communities can NOT afford to build new schools, why aren't those school districts taking these already built and ready for (their) Tenant Improvement buildings and converting them to schools?



I'm sure that the banks would sell cheaply; or, they would lease to the school district cheaply in exchange for them taking care of the property while the bank tries to figure out what to do with the property next.

It has to be much, much cheaper to place a school into one of these buildings because the big box buildings could be divided into classrooms, auditorium, and gym; they already have the essential elements needed to supply children, teachers and administrators what they need.  Especially the smaller retail stores could be classrooms, etc.



Malls have built in Food Courts, Bathrooms, Hall Ways, Indoor Gathering Areas, Outdoor Gathering Areas, Ample Parking, and ease of access to and from the grounds.

The question I have: Why hasn't anyone else thought of this before?

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

Tuesday, January 17, 2017

The Trumpetters are getting ready -- to be disappointed!

The true title of this post should be: Corruption waiting to happen.

Because it is (allegedly) going to happen.

Trump through all of his businesses (yes! He owns thousands of LLC's which hold various properties from around the world), will result in the end of Trump's reign as US President.

The reason I think this is because I don't think Trump is capable of resisting the urge to make money.  And, as the Emolument Clause says, the president can not make money from a foreign country.

http://www.huffingtonpost.com/entry/trump-emoluments-clause_us_58794852e4b09281d0eaf212

Now, if that doesn't happen, there is another item that I know Trump and his loonies haven't thought about.

Since he owns high rises throughout the world under various LLC's, what will the US Response be when a terrorist group attacks one of his towers?  What if they knock one or two down, killing hundreds if not thousands of people?  You know, like they did with airplanes back on 9/11/2001?

Putting Trump in office will be the biggest disaster in US history.  Instead of paying billions to prevent Russia from attacking Western Europe via NATO, I foresee hundreds of billions being spent being paid for damages, real and punitive as a settlement for Trump's arrogance.

And, even the odds makers are calling for Trump to be leaving office before four years.

http://www.independent.co.uk/news/world/americas/donald-trump-impeached-us-president-bookies-offer-even-odds-us-congress-inauguration-a7531536.html

Unfortunately, the non college educated (STUPID PEOPLE) voted the wrong candidate into office because they were conned into thinking that Trump was going to bring back their widget making/assembling job at $20 an hour. He's not!

Since 1979, +/-60% of jobs lost were lost to automation.  Those jobs didn't leave the US.  They are still here being done more efficiently and at less cost by a machine than a human.

Even the Electoral College -- which Alexander Hamilton originally designed to be a nonpartisan group of Educated people -- got it wrong.

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

Thursday, January 12, 2017

Trump in over his head in Deep Muddy Waters, Swimming with Sharks and He doesn't know it.

Yesterday, after just reading about the press debacle Trump held at Trump Towers, I made the decision that I was correct about Trump all along.  I don't think he is going to last 4 years as president.

Now, why do I think that?

Well, Trump is a businessman who is used to telling people what to do, when to do it, and if it goes wrong, it's their fault it didn't get done.

He claims to be a great negotiator.  But, I didn't see any of that yesterday -- at all.  If he had properly prepared for the press conference, I think it would have negotiated a smoother result.  He would have negotiated his way around and/or through the tough questions.  But, as they asked questions he didn't want to even hear, he got more, and more bombastic and accusatory.

And, as David Gergen explains here: http://www.cnn.com/2017/01/11/opinions/donald-trump-news-conference-gergen/index.html "But, as he so often does, he started shooting wildly at the wrong targets.  Once again, he attacked the intelligence community -- this time for leaking the memos to the press."

What Trump is doing is trying to blame the FBI, CIA, NSA, and other Intelligence Agency's for something that they didn't do.

He is trying to convince the weak minded Non College Educated person that the reason for all the fake news is the Agency's fault.  Why?  Because as a businessman, he could do that and get away with it.

Unfortunately, for Donald Trump, that doesn't work when you are President.  As Harry Truman once pointed out: 'The Buck Stops Here.'

Now, for years, Trump was instigating the 'Birther Movement."  And, it was recently disclosed that Trump truly didn't believe that Obama wasn't born in the US!  But, because it got so much air time on the media, his false statement received so much traction.  So, he continued with it -- until during the campaign, he finally admitted that Obama was born in the US.

And, all along, President Barack Obama took the insult and racist abuse -- well -- like a President!

Now that the shoe is on the other foot, Trump is bombastically claiming he is the victim!

The way I see it, I get the feeling that (maybe, allegedly) Trump himself might be behind all of this.  He is media savvy, as I have seen and heard.  But, the leaking that he is accusing others of doing, could it have been done by him or his aides?  I don't know.  But, I get the feeling something isn't quite right with all of this because I sense Trump protests too much!

Now, only Trump knows for sure whether or not he was in Moscow (as claimed) and being entertained by Russian Prostitutes giving each other "Golden Showers?"  (I am a germ-a-phoebe, too, folks.  So, Golden Showers are never, ever in my sex life, either.)

But, I digress.  So, back to the Government intelligence agencies.

These agencies do have a strong history of never, ever disclosing anything public about any investigation.  It doesn't serve them well if they do.  They wait until court when they are then required to disclose the evidence that they have.

(For example: If you have evidence about a crime being investigated by the FBI, they will listen to you politely.  Most likely they will take good notes or record the session. When you have given to them what you know, they in turn will say,  "We'll take it under advisement."

They never, ever disclose -- as TV shows make them seem like they do -- any evidence they know or have on any case they are working on.  It just doesn't happen.

But, Trump believes that the non College Educated will believe him because he told them to believe him.  And, if they don't, well, it's their fault!

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