Local News now Aware of Downtown Las Vegas Profit Prospects!

The article link below finally is giving attention to what I have been saying.  Developers and builders need to pay more attention to downtown Las Vegas because that is where the area growth potential is.

I have six properties listed that could be acquired and then torn down to make room for further development or building expansion.

The problem I have been running into is 'flippers.'  They want to buy at pennies on the dollar and then flip to Tony and make an obscene profit.  I have attracted many of my listings vowing to NOT let that happen to my clients.  Thus, the higher than usual listed prices.

However, I can vouch for the prices because Tony's Crew has acquired property through me at those very same high prices.

Ferguson's Motel SOLD for $5 million
Pete Pan Motel SOLD for $2.8 Million
A Duplex on 11th Street just closed escrow for $500,000!

Of course several properties have SOLD for less.  BUT, the Buyer was Tony's Crew.

Now, the Las Vegas Sun is starting to see the next step that I have been saying for at least two years.  (Copy and pasted the link in your browser)

http://www.vegasinc.com/business/2014/jan/13/clean-slate-reinvent-downtown-las-vegas/

IF more developers and builders would step up, the profit potential of downtown redevelopment would expand and explode.  It just is going to take a little more time than usual.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88 and you can follow David on Twitter: @DavidAHowes

$750,000 and $1.75 Million will get you these Downtown Las Vegas Properties!

Two properties that are in the direct path of Tony Hsieh's Downtown Redevelopment Project are still available for Sale.

These prices reflect the SOLD Sales Comparable for this area.

Tony's Crew have been reluctant to move forward on these.  WHY?  I don't know.

But, IF you acquire these as is, where is, you can be the fortunate one to take advantage of the Flip Mark Up when Tony's Crew does come to their senses.

Both are in the tear down mode.  However, 123 N 9th can be redeveloped into a store front office or a local diner/restaurant/nightclub.

The 109 N 9th Street could be torn down, or rebuilt into a local grocery market, or even a restaurant/bar/meeting hall.

Both Properties were built in the 1940's+/- and do need work.

However, since these are two of the last three privately owned parcels on this block, Tony's Crew will need these eventually.

AND, there is plenty of room for a mark up.

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

Happy Holidays to Everyone!

I'd like to wish Everyone a Happy Holiday Season!

And a prosperous New Year to All!

My New Year's Resolution is to get my weight back down to +/-200 lbs!  Wish me, Luck!?

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

Closing Today! on another Downtown Las Vegas Property!

I had a feeling this was going to happen.

I kept thinking that Tony was NOT going to wait until New Year's Eve to close on this small duplex in Downtown Las Vegas to Close this Sale!

AND, I keep telling you "supposed" investors to contact me, so you can buy one of these properties, and then "flip" to Tony!

However, all of you investors are too worried about making a killing!  There's no need to buy so low, you take away any incentive from the current owners to sell to you.

But, you seem to think you know best.  I suggest you come to Las Vegas, acquire one of these properties, and then "flip" at a smaller yet reasonable profit to Tony.  He is going to Buy ALL these properties sooner or later.

I just don't understand the extensive greed you have.

Most properties within the Downtown Projects area of acquisition are acquired already.  So, why not allow the current owners to ability to make some money and then you re-sell the property to Tony -- when he is ready.

Otherwise, I have advised my current Seller clients to sit an wait.  Tony is coming.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: david@davidhowes.net OR call 702-501-9388