Lots of People Look; Very Few Buy! $300,000 for a Las Vegas Office Building!

Over the past year or so, I have been prophesying that the Las Vegas Commercial Real Estate Market "CRE" was losing it's "steal" muster.

Many of you "looked" at my blog; however, very few of you actually inquired about the steals that were happening. Unfortunately, the good ones have been SOLD.

(There were a few of you that did contact me just to tell me that the "steals" were in your opinion NOT steals because the property prices were still "too high" for you to actually make an offer. Since then, I have booted these people because they would still complain the price was too much even IF the properties were given to them for free.)

And, since then, most of the 8% Cap Rate properties have SOLD! ALL the small sports bars, gaming properties, and the Walgreen's were bought up! When one person was telling me that the prices were NOT steals; and least two were telling me they were.

For example: a recent 7 Eleven property was listed at just less than a hair less than a 7% Cap Rate. I contacted the owner who told me he put it on the market one day; and the next, he had 6 offers that ALL were for MORE than his listed price.

So, IF you ask and I reply by telling you the truth; please do NOT assume I am lying to you. (One Buyer kept telling me I was just lying to him to get him to pay more for a property. Okay. He wanted to offer a price that he felt was a steal and it turned out was the lowest offered to the Owner.)

Then, of course earlier this summer there was the idiot for Brooklyn. He had such a bad attitude. He was going to 'teach me' how to buy property in Las Vegas. In reality, he didn't have a clue as to how to buy a CRE property here in Las Vegas. And, after the debacle where he employed another broker to write a second offer on a property that I had written an offer for him first, I booted him, too. (Unfortunately, since he didn't listen, another client of mine who wanted the same property -- and who did listen to me -- is happily in escrow. The Brooklyn idiot didn't get the property because the owner knows me well enough to have respect for the real estate buying process. (Word to the wise, employ only one broker IF you are seriously considering acquiring a Las Vegas property))

AND, I do know of one property NOT ON THE MARKET that was taken back through foreclosure by the bank.  The Bank is willing to sell a +/-3,400 SF office building at a 10% Cap Rate!
Price: $300,000!
Hmmm? I wonder how many of you will tell me this is priced too high? OR, not enough of a steal?

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

3 Sold! 7 to Go!

In the last ten months, I've Sold three Downtown Las Vegas Properties. I have seven more listed that are ready to be acquired.

Now, they ain't cheap. But, because they are in the direct and indirect path of the Downtown Redevelopment Project, these will be ripe for flipping or redeveloping them yourself.

Downtown Las Vegas is going to change -- even IF the change continues at a very slow pace. This acquisition area of the Downtown Redevelopment Project will be bringing in more housing, office space and retail. The nightclubs and entertainment area is pretty much covered.

So, IF you dare: I have several parcels which will accommodate various uses. Such as, restaurants, all forms of retail, and especially housing.  And, the need for store front office will come more into demand once the housing is well on its way to being built and occupied.

So, send me an email and I will forward the properties to you that I am talking about.

Two Motels, an Office building, and two small (tear-down) Office buildings, two Duplexes, and an Apartment Building.

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

Crash and learn: The dramatic drop of land values on the Strip - VEGAS INC

This is an article of interest to those of you who are considering a resort acquisition.

Crash and learn: The dramatic drop of land values on the Strip - VEGAS INC

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

"You are the Best Real Estate Broker Ever!"

Okay. I know. I am (shamelessly) patting myself on the back. But, I thought it should be known. With that said, I usually don't ever say anything to anyone anything about myself.  I try to let my actions speak louder.

But earlier last week, a long time client of mine, called and asked me to go get a cup of coffee with him. So, I agreed. When we met, I even offered to pay but he refused my gesture and paid.

As we were sitting down, a third gentleman entered and sat with us. It turns out it was my client's older brother. He had a real estate dilemma on his hands.

To cut to the chase, the brother needed to deed his house to his son so he could return to his country of origin to take care of some business there and was going to be gone for at least a year.

He wanted to deed his house in Las Vegas to his son but he wanted to keep some form of control over it so the son couldn't sell it without his permission. (I got the impression that this was more of a father-son control issue.)

Anyway, I set up a meeting at a Title Company so that the paperwork could be done correctly.

Anyway, while we were meeting, my client said something in their native language to which his brother who turned to me and was really glad to meet me. I thank him and we proceeded with the above discussion.

Afterward, the brother excused himself having to have to attend to other business. My client and I sat for a spell talking about the how real estate changed over the 10 plus years we have worked together.

(My client wants me to look for a property with long term income. He is going to retire and needs an income to last a good 10 to 15 years.)

Anyway, I asked him what had he said to his brother that made him change in enthusiasm when he first arrived?

My client said, he had told his brother when he arrived that he was meeting the Best Real Estate Broker ever. His brother didn't believe there was ever such a person because my client had at times said to him he was working with a broker that he felt was the best.

He said his brother was surprised to have finally met me. My client said his brother had always doubted him there was ever such a person.

Anyway, since that date, the deed has been taken care of; the brother has returned to their country of birth; and everything seems to be in order -- well, as much as I can tell being on the outside looking in.)

And since then, while my client and I have gone back and forth about investing in various parcels, my client injected into one of our conversations that his brother had let him know he was very happy I had helped him.  I said, "Tell him, 'Thanks.' I was just doing my job."

My client said that I have been the only real estate broker who has never, ever tried to "Sell" him something he didn't want. I always would make suggestions to him and then I would let him to decide. He has always been very appreciative of that.

And, before we departed he said that on every property he has bought and sold through me, I was always able to make him money.

Fortunately for me, my client was always smart about the "when" to purchase and the "when" to sell.

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

"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!

8% Cap Rates for two Las Vegas CRE Investment Properties!

That's correct.

And, the first investor with verifiable funds gets the worm.

This is NOT a teaser.  There are two CRE properties in Las Vegas that can be acquired for an 8% Cap Rate.

One will earn you $+/-315,000 in annual rental income!
The other will earn you $+/-250,000 in annual rental income!

The first is a retail center with a 7 Eleven as its anchor; the second is a freestanding PT Pub!

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

"Clients who continually question the minor Purchase Agreement items are NOT Buyers!" Mike Sitren.

I miss Mike Sitren.

He was the best RE Broker I ever worked for.

Way back in 1991, when I left Retail Management for Real Estate, Mike Sitren took me under his wing and taught me a lot about real estate.

He was a short, stocky man who had been in California real estate for more than 40 years when he died in 1993.

In those two short years, he gave me more information about real estate client particulars than I have learned in the last 18 years all together.

He would say things like: A Buyer who demands an unattainable interest rate, is NOT a buyer.  Don't waste your time with them.

He admonished me for trying to help my wife's sister and her husband with a re-finance loan years ago.  He said never do anything in real estate for family; they will not appreciate it; and, IF something goes wrong, YOU are to blame.

I, unfortunately, made this mistake one other time.  It was THEN that I learned that Mike was correct.  (I don't speak to my brother anymore.)

Even as of today, when "things" happen during a real estate transaction, I remember his words of wisdom of what he taught me.

Recently, a client from New York wanted to "buy" a lease. That's what he said.
I asked: "Do you mean buying a property with a NNN leasehold encumbering it? Or, do you want to buy a leased that is a ground lease and you pay the fee simple owner a rent.

"No!" he said.  He wants to buy a property where the tenants pay ALL the expenses.  So, you want to buy a real estate property that is encumbered by a NNN Lease where the tenants pay ALL the RE taxes, insurance and CAM.  He said that's right.  I said, Okay!

So, I found him one. Then, as we are writing a Purchase Agreement, he starts demanding that in the offer, we outline the provisions of the lease that he is buying.  (What?)  In Nevada, they will give you basics about the lease, but NOT the whole lease prior to the Buyer supplying the Seller they are qualified to buy.

Well, he didn't want to put up an agreement or even provide the Seller with a financial statement he said has the appropriate amount of money to close the deal until he got to look at the lease.

I finally realized late today, that this New York Buyer didn't have a clue as to how or what he was trying to do.  He kept asking for things that would NOT be available until we were in escrow.  Mike said that buyers like this guy, are never a real buyers.  So, don't waste your time.

And, unfortunately, the more I tried to help him understand this process, the more he began to question other minor and basic purchase agreement items.

That's when I remembered Mike's warning.  Any buyer who continues to question minor items in a contract, is NOT a real buyer.

So, IF you are a real buyer, I have several properties that are worth the price because they are in the 8% Cap Rate range.  However, after this one, sending me your qualifying information is required -- up front.

And, IF you have been following my blog, you would know that an 8% Cap Rate for a property these days, IS a Steal.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 2-50 1- 93 88

+/-8% Cap Rate in Las Vegas Commercial Real Estate

A fellow RE Broker/Developer here in Las Vegas wants to sell a property he developed a few years back. He wants to cash out so he can use the money to complete another property he is working on.

So, this is for Principals Only!

A small retail center on a Section Line street corner is available for sale at $3.9 Million. He is asking an 8% Cap Rate -- which every investor knows is a great steal currently.

So, Principals, send me an email and I will forward the details to you.

The tease about the property is that it is +/-13,000 SF with a national credit tenant on a corporate lease as the anchor. There is also a regional gaming operator on a leasehold here, too. There is also a 4,500 SF portion that is currently being brought to a vanilla shell which is the value added part of this property.

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

This is NOT going to last long at all!

Client wants my help to Sell his Cabin Retreat Home above Las Vegas!

I must be doing something correct.

I do NOT Sell SFR's or Condos because in reality I do NOT have the patience.

And, even though I tried to sell a home a few years ago to another client, I do NOT have the correct subscriptions NOR the desired elements such as being a member of the local Realtor club!  (It's too expensive for my tastes!)

So, when a client of mine called me yesterday, I was expecting to be able to help him with one of his CRE buildings.

But, he cut me to the quick right from my Hello..! and straight out asked me for my help to sell his cabin home.

I reminded him that residential is NOT in my area of expertise. I reminded him that I was NOT a member of the MLS; nor, was I a Realtor.

His response startled me -- just for a second though.

He said he wanted me to try because I was the only broker he knew who has consistently shown to him that I don't quit!

Huh? I thought to myself. Sure, I advertise and market property to the masses. I work with a variety of people on different financial qualification levels. And, I always give my best effort even though there seems to be dire circumstances.

Oh! I guess that is what he is talking about.

He explained that his property was listed with a residential agent (who is very good at selling high priced homes). He was frustrated that the agent had taken the listing and during that listing time period, he felt, they had done very little in effort to sell the property.

(Now, I do NOT know anything about the agent's marketing or what they actually did to expose the cabin  home to the masses.)

Anyway, it will take me about a week or so to get everything in order since -- like I said above -- he cut me to the quick. But, check back in two weeks. By then, I should have everything together.

In the meantime, IF you are interested in the property: the cabin home is +/-5,600 SF, has 3 bedrooms and 2.5 baths, a four car garage, a +/-2,500 SF patio area and sits on +/-9 Acres of land. (It has enough land that you could even put in a heliport IF you want.

Lastly, the Client said he believes that this residential property is the highest freestanding house in all of Nevada elevation wise at +/-9,125 feet. AND, it has views of the City of Las Vegas AND Lake Mead!

The downside: it is about an hours drive up the Mountain from Las Vegas. And, the average temperature up there is about 30 degrees lower than in the Las Vegas Valley. So, IF the Las Vegas heat gets to you, a nice helicopter ride or an hour drive gets you to a place full of serenity, quiet and peace of mind.

The Client emailed me pictures of the property. So, IF this interests you, send me an email an I can reply with the pictures.

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

Yes! I know which Las Vegas Resort Casinos are For Sale!

Having lived and worked here since 1995, I have learned a thing or two about how 'business' gets done in this particular neighborhood of the country called Las Vegas!

One thing: Las Vegas commercial real estate (CRE) requires that you build client base of Owners. So, in the 18 plus years working and living here, I have developed relationships with 'key' people who can help me help you.

Thus, this gives me an advantage that you need IF you are interested in acquiring a Las Vegas Resort Casino. Knowing who the 'key' person to approach requires an important decision on your part: Go it alone and see what happens; OR sign me up to help you get to those people.

Now, most Resorts in general do NOT like Real Estate Brokers at all. They think we are an unnecessary element that just gets in their way. I understand their plight. I have seen, first hand, other Real Estate Brokers  -- some from half way around the world -- way over-charge their Buyer clients simply because the Broker thinks the information about what is for sale, or even who to present offers to, is worth more than gold.

And, because those Brokers think they are special, that is the key to my success.

Yes. I know which Resort Casino properties are truly being considered for sale!

And, "Yes!" I know the 'key' people to contact at those properties.

And, unfortunately, just as the other Brokers, the key element involved requires you -- as the Buyer -- to compensate me. BUT, that is where the difference lies between me and them. I ask for a 1% commission fee. But, just as everything else in life, I am flexible.

Recently, a CA Broker told me that he has a Buyer from the South Pacific rim who wants to acquire a Las Vegas Resort Casino AND he is willing to pay him a ridiculously high fee demand of 3%!

I'm sorry. But, I do NOT know of any Buyer who is that ready, willing and able to pay a 3% fee on a $1 Billion dollar property. How much is that? $30 Million?!

Given that Resort Casino prices are mostly in the hundreds of millions, my charging 1% fee can be too much, too. So, I am willing to be compensated on a flat fee.

Now, please be aware of Broker Chains. This is where two or more Brokers want a piece of the commission pie simply because they learned that a buyer - such as yourself - has made in known that you want to Buy.  These Brokers feel that they are due a larger piece simply for only referring you to me -- which is usually too high. So, ask yourself: Is it truly worth their demand for more money just because they passed along a Buyer client's name or telephone number to me.

IF you did a little more research, you would have stumbled upon me.  Thus giving you access to the seller directly.

I truly do NOT want to be a apart of these broker chains.

However, IF you are truly interested in acquiring a Las Vegas Resort Casino property, please forgo the Broker chain, and sign with me directly as your Broker. And, "Yes!" that requires an officer of your corporation duly authorized to sign a Non Circumvent Commission Agreement that you will compensate me directly from Escrow upon the Close of Escrow or the Sale of the subject Resort Casino Property!

But, remember, I do know which Resort property(s) are actually for sale. Signing up with me to represent you doesn't mean a deal will get down. That could take time and effort on your part. And, of course, there are attorneys involved. But you will actually get closer to submitting an LOI or Offer to the correct person; which gets you closer to Resort Casino Ownership; which with my help -- and you compensating me a fee to represent you -- is a small price to pay for a Resort Casino property Ownership.

Lastly, ALL interested parties will have to disclose their financial capabilities to me. That way, I know upfront that you are able to complete a purchase prior to making an offer. And getting that LOI or Offer with the appropriate financial qualifying paperwork to the 'key' person, protects my reputation as a Real Estate Broker and will allow them to know that YOU are qualified to Buy.

I appreciate your patience and tolerance in the matter.

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

David Howes Sells The Former Inka Restaurant Building in Las Vegas

Commercial Real Estate Broker, David Howes, has just Closed Escrow on the Sale of the former Inka Restaurant Building which sits on +/-1.34 acres in the west side neighborhood of Spring Valley.

The Buyer is a European Investor; the Seller is a Southern California Real Estate Agent -- who acquire the property via buying the Loan and then foreclosing on it.

The Sale was for $387,000 and escrow was right around 23 days.

David is currently marketing the property for potential tenants. The property still has most of the restaurant FF&E installed and will require the new owner to invest some money to bring it up to occupancy condition. However, the new owner is open to any qualified tenant or C-2 Business at this time.

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

David Howes Sells The Peter Pan Motel in Downtown Las Vegas!

This property has closed and was Sold to Tony Hsieh's Downtown Project for $2.8 Million.

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

Celebrities-Athletes Lose Earned Income from Schemes!

Earlier today, I was perusing a Gossip Web Site when I came across an item about a Hollywood Starlet who is (rumored) to be on the verge of having no money left because of bad investments and financial advice. Apparently, she and her husband were more anxious about get rich quick schemes than long term income investment property.

Here is the quote that made me think: "I should Blog this item:"

"But let's be honest here - sometimes the true winners are those who get OUT of Hollywood and earn their livings in other ways. One of the worst investments that athletes and stars fall for are restaurants and clubs. The money sharks run through your credit line with fake purchases for the business, then the restaurant closes, they have the celebrity's money and the celebrity has nothing to show for it."

Okay.  I live and work in Las Vegas. Many, many Athletes and Stars over the years have put money into these clubs and restaurants and they have been like a "flash in the pan." They lost it all.

And, the one common denominator is WHERE these clubs and restaurants WERE to be located: On the "Strip!"  And, what type of properties are located on this stretch of roadway: HIGH DOLLAR RENT Resort Casinos! Even us common people know that the "Strip" is packed with over priced properties when it comes to leasing.

Now, even though they think the club or restaurant business sounds like a well organized business plan, IF your monthly rent is too high, and the club and restaurant income is too low, you will lose everything in the process.  And, you will realize that: Too Late!

For years -- it seems like -- I have been marketing to Athletes and Stars that a National Credit Drug Store, or a National Credit Fast Food Restaurant, or even a smaller well located office or retail center in a well located commercial real estate corridor, are much better investments than the clubs or restaurants! Sure they are more conservative; and, they do NOT carry that initial flash that a Resort Casino would attract when announcing the Grand Opening!

But, IF the Athlete or Star had called me during their review process of that business plan; and they were to compare products and their history on whether or NOT to invest in a leasehold business at a High Dollar property; or a long term CRE investment where a National Credit Tenant pays YOU a monthly rent for ten to twenty years, it would have been obvious to them, that my advise would have made them money.  In those club and restaurant schemes, only one person makes money: The Landlord!

So why be a Tenant? When you can be the Landlord.

However, since Athletes and Celebrities do not have $500 Million plus, acquiring a Resort Casino to become that club or restaurant Landlord is out of their reach.

So, IF you Athletes and Celebrities really and truly want to earn long term income. AND, you understand that making money is a long term investment and NOT a flashy scheme, you need to acquire a CRE property that has a high income potential! And to start in that direction, all you have to do is: CALL ME!

There are several well placed CRE Properties in and around Las Vegas (some will require some property management) but if bought correctly, you will earn a respectable income. Unfortunately, acquiring these will NOT have the splash that accommodates most celebrity endorsed investments at Resorts.

Lastly, I seem to have grown to recognize just about when an Athlete or Celebrity is about to lose their hard earned money investing in Las Vegas!
It's when I see them on the red carpet getting their picture taken for an event at a Resort that they have invested in! (sic)

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

Are All Las Vegas Commercial Real Estate Deals Gone?!

For those of you who have been subjected to my blog rants, here is the latest one!

For the last 3 to 4 years, I have been proclaiming that real estate investors should be calling me to get some of the best commercial real estate (CRE) deals in Las Vegas while they were deals!.

Unfortunately, the mainstream media has had your ear, and you have by-passed my proclamation in favor of the slanted media story line that Las Vegas was NOT the place to be investing.

Well, IF you listened to the media, you have missed the bottom. Las Vegas is on the road to recovery. And that -- my gullible friends -- means Las Vegas may still have deals in CRE, but you would now be obtaining property at the flipped prices.

For example: ALL of the PT Pub's I once proclaimed as 'steals' at a +/-8.5% Cap Rate are now priced at a higher +/-7% Cap Rate or lower.

Another example is the +/-7.5% Walgreen's prices that are now available For Sale at a +/-6% Cap Rate.

Do you see the picture? You are now looking at acquiring these good long term investments at a higher buying price. Thus, because you waited or were NOT privy to my proclamations, you are now losing a percentage of that return over the long-term than you would have IF you bought when I first said to -- say sometime in the last year or more.

So, are there still deals to be acquired in Las Vegas CRE? Of course. But, these deals will be more expensive and will need more TLC than you may have probably wanted to give them in the first place.

Is Las Vegas still the place to invest? Certainly. Aside from Downtown where the Re-development Project is supposed to happen, there are many parts that make up the Las Vegas CRE picture. There are properties that could be bought relatively cheaply and you will still make money long term.

So, will these same CRE properties be the steal they once were? I can NOT honestly say, "No!' Because, there will still be good solid CRE investments IF you call me now and buy them correctly.

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

5 Downtown Las Vegas Properties in Path of Zappos Leader's Re-Development

This is unusual for me.  I mostly fight OFF Flippers because they are just trying to take advantage of an unaware Seller. Buy their property as low as they can; then, Flip to an unaware Buyer for as much as you can.

But, in this case, all the Sellers know full well what they're property is worth. And, I have the amounts they are willing to accept in exchange for selling their properties to you. Then, you can re-sell these very same properties. And, there is truly only one buyer.

Just so you know, all of the properties are currently in the path of the Tony Hsieh led re-development project.

Three of these properties are currently surrounded by property owned by Tony's holding company; one is adjacent to a large apartment property they just recently acquired; and the fifth is in their re-development path -- according to Tony's brother.

If you are unaware, Tony Hsieh, CEO of Zappos, has acquired the former Las Vegas City Hall.  He intends to place his HQ here. His crew is actively acquiring property just to the east of this building and he is assembling parcels so that he can re-develop them into a downtown neighborhood style 'village' area for his employees to live and work.

He has also acquired a couple of office buildings so he can lease to technology based start-ups. These very same people will, also, need a close place to lay their heads down at night.

So, IF you want to see what I am talking about, email me and I will send you the property information.

How much could you make? That depends on you. Could you make $1 Million for holding property for a few months to a year? Nobody knows. But he will need these properties sometime in the future.

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