Las Vegas Commercial Real Estate Outlook for 2013!

Las Vegas is getting busier Commercial Real Estate Sales wise.

So, do NOT miss out in the opportunities that are currently available and rapidly being bought up!

Please check out this link to the Nevada Business Journal News Story for the details.

http://www.nevadabusiness.com/2013/01/office-retail-markets-show-signs-of-growth-in-fourth-quarter/

Then, after filling up on Las Vegas CRE knowledge, contact me for more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR 702-501-9388!

David Howes Sells the Las Vegas Dragon Hotel!

Again, That is correct, folks!

This time, after a 75 day escrow, David Howes has SOLD! or Closed Escrow on the Las Vegas Dragon Hotel in which the owner has only been one of David's Clients for a short time now.

The Buyer is an investor who has been quietly acquiring surrounding parcels in this ten block area of east Fremont Street.  The investor has NOT disclosed his plans but I know they are significant that it will change the culture of this down trodden area.

The Sale was for $2 Million and the property will remain open and continued to be operated and managed by the Buyer's entity.

So, here was a Seller, new to David, and David performed to the Seller's satisfaction.  This also means, David can help you, too!

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR 702-501-9388!

Net Leased CRE Cap Rates Paying Extremely Higher Returns Compared to Bank Interest Rates!

I have known this for a while. But, I wanted to wait to write about this until after the Fiscal Cliff! :-)
(Sorry. My attempt at humor.)

For more than three years now, I have watched -- with despair -- as Bank Savings, etc Interest Rates have fallen to a present Interest Rate of: 0.01%.

That is correct. 0.01%. This is no where close enough to even live off the interest -- IF you have a sizable amount of money laying around.

And, as Proof, my own savings account -- which I use to put aside some "petty cash" in case of an emergency, IF I need it, is earning a grand total interest of that exact rate of 0.01%.

Now, yes this is FDIC insured because it is below the $250,000 max insured amount. BUT, if it was more, it would NOT be earning enough for me to keep it anywhere near a bank. And, since it would earn me more money or Return On Investment (ROI) with a rental house, that is where I should invest it.

But, for you who are in the higher earning amount bracket, acquiring a CRE Net Leased Investment property could earn you +/-7%!  Doesn't this make more sense. And, IF your NET Leased Tenant is a National Credit Company, that makes it even more attractive.

So, I do know even fools know that 7% this is a better ROI than putting the money in a bank at a 0.01% interest. AND, it is even better than putting any money into stocks or even Mutual Funds -- that I have currently looked at.

So, IF you are interested in earning more $$$s at a Cap Rate that pays better than a bank, please give me a call; or, just send me an email.  And, i will gladly help you select one of the CRE Net Leased properties that are within your acquisition price range and/or criteria.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR 702-501-9388!