"Moving to Nevada was like getting a raise in pay."

A Porn Star was quoted recently in a local news paper as saying that moving to Nevada from California was liking to a pay raise.

Over the years, I posed this question to only a few of the clients I work with and most seemed to never have even thought of it that way.

Now, several celebrities are residents of Nevada and they (still) live (part time) in California. I am sure that the California tax folk would be inquiring about this IF there was a sudden change in many wealthy Californians exiting the state.

But, one of the benefits of a Nevada Residency is that IF you earn income outside of California, you do NOT have to pay California a portion of those earnings.

And, Nevada being one of the few states without a State income tax, it's like the Porn Star said: "It's like getting a pay raise."

So, maybe when you are searching for a good CRE income property, you could also find a nice residential place which could become your new home.

This is just something to think about.

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

Four Downtown Las Vegas Properties For Sale in the Path of Tony Hsieh's Re-development Project!

With Tony Hsieh trying to acquire all the residential properties in the East Fremont Street area, I have Four properties listed that could make the right investor money.

Each property in itself is unique. And, they are (mostly) surrounded by Tony's Downtown Project crew.

One is just north of Ogden on 9th called the Alpine Motel.  even though Tony has concentrated on acquiring the residential properties down town, he walked into this one while showing Ashton Kutcher what he is doing, announced he was buying the place which resulted in the owner calling me and chewing me out for NOT telling him a showing was going to happen.

The truth is, Tony didn't tell anyone he was going to do this.  Even his RE Broker was caught off guard.

Then there are two small office buildings which are owned by a life long Las Vegas resident.  One building faces Ogden and the other faces 9th Street.  These are store front office buildings which could be used as an office on addition to Tony's downtown high rise office building where he plans to house a bunch of start ups!

If you are already in business and well beyond the start up phase, this building could be for you.  It will have access to all the surrounding properties that will be re-developed or constructed on the vacant land in this area.

Another building in this 9th Street area is an old assembly hall -- The Lodge.  This is very old and dilapidated building that has seen better days.  This will have to be torn down.

The last is a property that Tony should have bought late last year.  It is a duplex.  It is small ans the lot is small.  But, it is the last building on the block to complete the block's assemblage.  I have no idea why Tony's crew just does NOT make an offer and move forward.  He will need this lot to do anything along this corridor.

If interested in this area; and/or you want to make some money by flipping to Tony, these properties are worth going after.

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

Only One +/-8% Cap Rate Left for Las Vegas CRE Investment Property!

About a two weeks ago, I notified you blog readers that there were Two 8% Cap Rate properties available here in Las Vegas. These have credit tenant's on long term leases.

Unfortunately, there is only One left! And, that one (should) will be gone (hopefully) by Friday.

Most of you will NOT be able to acquire this because of the $3 Million price range.  But, those of you who have verifiable funds, should contact me today.

Because, those of you who will qualify, it pays an annual rent of +/-$250,000.00 -- which is more than enough money to help you maintain your life style which you have become accustomed too.

And, the first investor (out of this group of readers with verifiable funds) will have the opportunity to acquire this property today.

This is NOT a teaser. The property is leased long term by a regional restaurant company; and it is in a higher than normal income neighborhood.  And because of the strict zoning requirements, they are NOT going to give this location up!

So, IF interested, email me ASAP!

Las Vegas real estate is recovering quickly and acquiring a CRE property at an 8% Cap Rate is disappearing.

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