Back In The Saddle! Okay, I'm just back to work...

Arriving to work Tuesday morning, my friend, golf buddy and retired (though still actively licensed) Gaming Executive asked about playing golf Saturday.

I said, "Ok!"  It couldn't hurt to lose a few more golf balls. (I don't play with the good ones I find while searching for my lost cheap ball.)

Anyway, he asked about the Alaskan Trip (I replied, "It was GREAT!")

The Spouse & Myself on board the Norwegian Pearl in their Bliss Nightclub!

Then, he dropped a bomb-shell! 

He has the latest on the Large Las Vegas Resort Casino that he knows is (about to be) For Sale!

Oh, well. I can't wait but I am going to have to.

If you want to know which one, email me your contact information & I will send you the Non-Circumvent Agreement.

This must be signed and delivered with Proof of Capability to close a Billion dollar deal.

(Not kidding.  The property in question will cost you!)

:-)

Anyway, I'm relaxed and ready to go.  Are you?

Look forward to your emails!

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!

Rested and Relaxed from Week Long Alaskan Cruise Retreat!

Cruising to the southern Alaskan shore was a great benefit to my wife and myself.  Alone time to see just what southeast Alaska had in store.

I did get to take a 'look' at another states' real estate and was amazed at just how many vacancies each city had.  (Survival of the fittest, I suppose.)

The main industry now-a-days is the cruise ships that dock at their piers in their deep water harbors.  These towns would definitely die away if the ships stop sailing into their harbors.  And during the winter months, that's what happens.

Tourist season in this stretch of the world is May 1st to September 30th -- obviously.  So, they must pack in as many tourist dollars they can while the season is 'hot' - so to speak.

Great time, great cruise, and lots of local knowledge acquired to bring back home to Las Vegas to re-energize my battery.

If you have been considering a cruise as a vacation, I say sign up for next season.  It was worth the cost.

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!

Alaskan Cruise Excursion for a CRE Retreat!

If you missed me recently, I will apologize.
I know just how hard it is to enjoy yourself without my input.
But, I am sure you can manage for the next week to get along with yourselves without me.

Okay, I am NOT that important; nor anything I write here is so important that you can't get along without me!

The wife and I decided earlier this summer to just get away.  It's been way too long since we had a vacation and thought being together in cooler weather might be what the 33 year relationship needed.

So, I will see you all when I get back.

Right now, I am going to enjoy some down time watching a glacier melt and try my hand at some of tourist things being offered.

I hear it's cold in Alaska and will be bringing a lot of warm, dry clothes.

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!

VACATION! It's all I ever wanted! Time to get away!

From August 25th, 2017 until September 4th, 2017, the spouse & I will be away from everything.

Even our electronic devices will be off! So, emails, texts and even telephone calls will be ignored.

So, if you need to get a hold of me during this period, you will have to leave a message and I will reply/respond on September 5th!

If it can't wait!

Oh, well.  It's going to have to wait.

See you Tuesday, September 5th!

Much Appreciated!

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!

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!

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!

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!

CRE Deals Come & Go! Some Fly - Others Die!

It's NOT too often I would be insulted by comments made by a Seller or Buyer.

When you work hard and try to accomplish the impossible, there always seems to be something that goes wrong and sets you back.

I like the analogy: Take two steps forward; one step back.

Hey! It's real estate and you never know what could happen until it does.

For example: my son and his wife recently told us they wanted to acquire a house.  Okay. I asked could I refer you to someone?

He said, they were thinking of buying without an agent.
Now, having been in real estate since 1991, I had to go, "Woo!"

Why would you do that?  (He and she have never purchased a home before, so I can see the obstacles mounting right in front of them.)

Anyway, I got the feeling that some one had hooked their ear about saving money by doing it themselves.  (Sorry, folks! But, that doesn't happen! You just end up getting ripped off!)

Well, with the help of my wife -- our son's mother -- we think we've bridged that gap.  (We'll see.)

Then, about a week later, a developer I know who owns an Off Strip motel wanted to talk to me on a Sunday.  Okay, I understand that real estate might have to be a priority over the weekend.  Well, during the call he proceeded to chew me out because the Chinese buyer I was dealing with wasn't moving fast enough for him.

(This requires some back story: the developer acquired this off "strip motel about 11 years ago to re-develop it.  He has waited, and waited because the economy had gone south in the mean time.  And, since development money had dried up; it has recently reappeared in Las Vegas.  Lately, he started to make noise he was going to re-develop the motel again.  BUT, he was willing to sell, too.  After re-contacting the developer again, he set a couple of unrealistic deadlines to get him an offer.

Anyway, if you ever worked with Chinese buyers before, you know they tend to do things on their schedule -- not yours.

So, in the meantime, there were a few delays with the Chinese getting an offer started -- as is their MO.

Well, the Sunday morning call was to let me know, the developer wanted to deal directly with the Chinese group and I'd be paid anyway.  He said he didn't think I had the experience to handle his transaction.

Okay, I'm insulted.  But, I know this developer and he is an a--h---!

I took the information and proceeded to contact my co-brokering partner over seas.  He speaks fluent Chinese.  Well, he didn't like that idea and thought it fishy.  He said 'let's look for another property.'  Which I am doing.)

After wards, I was thinking about this situation, and came to the realization that the developer never, ever had any intention of selling.  He was just hedging his bet against the economy here in the US until it improved.  Which it has.

So, all those years trying to find a buyer for his property was -- well, it truly wasn't a waste of time.  I was able to find other buyers while using his property as a prop.

No loss I guess.

So, my experience is questionable to this developer. NOT!  It's his excuse to NOT sell his property and further to try and raise additional cash for his development.  Oh, well!

One day we'll cross paths again.  We'll see what has transpires in the meantime.

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!

Would a Monthly Income from Net Leased Real Estate Investments be helpful?

First off -- I will apologize to all that have been on the receiving end of my various (and probably poorly times) emails from me about various Las Vegas, NV income properties.

And, I will include those who have been subject to my snail mail Letters and Tweets!!

My spouse and son recently made me realize that in the blog followers/readers everyday life, they are NOT experienced in Real Estate to the extent that I am.

So certain words and phrases that I may refer to about Real Estate investing are usually lost on the average person.

With that said, I am only trying to inform you. Nothing more -- unless you are interested.  Then, you can call or email me any questions that you have, and I will try my best to promptly answer.

Remember: There are no stupid questions when it comes to real estate investing.  If you don't know something: Ask!
I will give you the best most truthful answer I know. (There's no fake news here.)

I like Mark Twain's quote: "When in doubt, tell the truth."

I like this quote, too!

Since I know a lot of you potential real estate investors may have a lot of doubt, I will just tell you the truth.

It's that easy, because I don't have to remember any lies.

So, if you want to earn extra monthly income from a passive net leased investment, you just need to contact me directly.
I will do my best to help you find the appropriate real estate investment for you.

Making money while you sleep is the best way to earn a living.  (I forget who said that.)

So, give me a call.  Let's discuss this further.  Once you have seen the light of a regular passive monthly income, you will NOT want to go back to business as usual.

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!

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!

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!

Interested in a Las Vegas CRE Property? Contact me! There's no charge!

Sometimes, I forget that I out-smart myself.

I'd like to think that Smart CRE Investors would just contact me if/when they are going to acquire or distribute a Las Vegas Commercial Real Estate Property!

Oh, well.  Sometimes it happens.

But, since moving to and establishing contacts with some high profile companies and individuals, I do find myself looking from the outside in on what transpires here in and around the Las Vegas Valley!

And, even though these knowledgeable real estate investors -- even internationally -- are doing quite a bit of research on properties, I find that they (must be) doing a considerable amount of research on me.  (I get hundreds of hits daily on my web site.)

Then, again, after I've checked my web site traffic, I find that a lot of these 'hits' are coming from countries such as: China, Germany, Britain and even Ukraine.

Now, I understand that most of these hits could in fact be from bots." But, I don't know.  I think this because after receiving so many 'hits' in a day, there is very little appropriate follow up telephone calls and/or email inquiries.

So, I have to question whether the 'hits' are authentic or not.

(Remember this?)

Anyway, if you, as a small investor -- or even a large investor -- find you need help with acquiring a Las Vegas, NV CRE property, just give me a call or send me an email.

I promise my bark is worst than my bite.

So, whether its an under valued/value added Resort property; or you are just trying to find a long term income producing property; since, I live and work in Las Vegas, I am familiar with all types of properties that you might be searching for.

Large or small. I can help.

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!

Medical Marijuana Smoking Neighbor Violating Quiet Enjoyment!

When I was young, I didn't care about whether you smoked or not.
I did on occasion partake in sharing a "joint" now and then.

But, as I've grown old, and started investing in real estate, I've been more, and more keen to rules that could inhibit my real estate ownership.

For example, I don't rent units to smokers -- unless they put up an additional security deposit.
Why?
Because upon them leaving, I have to wash and re-paint the entire unit to cover/remove their smoke residue they leave behind.

With that said, recently one of my tenants let me know, he was thinking of 'moving out' because the  downstairs neighbor (who is also a renting tenant) had been for some time smoking "Medical Marijuana" in the downstairs unit. (My tenant had asked the downstairs tenant to stop. They had a verbal confrontation about it.)

***Just to clarify: this is a condo I own within a condo complex. I don't own the downstairs unit. ***

Anyway, he did tell me he complained to the HOA; and, they told him there was nothing they could do.

After being informed about this, I went and complained to the HOA, too!  And, they responded the same.

Then I threatened a lawsuit against them; they were like, okay!

Later, about a week or so ago, while golfing with my attorney friend, I asked him if I needed to retain him to help me with this situation.

He completely understood my problem because he represents other HOA's -- and they are struggling with the same problem, he said.

He told me to wait until my tenant actually moved out; and I started trying to find another tenant.  He said, once that happens, he would then begin to help me.

As we talked, he informed me that the 'new' Nevada Regulation authorizing 'Medical Marijuana" is weakly written.

He said that it does allow persons to smoke in the privacy of their own home -- as long as it doesn't interfere with their neighbor's "Quiet Enjoyment."

He said there has to be an actual case 'of loss' filed in the courts before a judge would be willing to sit and listen to this.

(I have no idea what that means, but since he's knowledgeable about the legalese of Nevada Real Estate, I'll go with it.)

In the meantime, I wait with anticipation as to my tenant's decision.

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!

Las Vegas Gaming Property Acquisition Do's and Don'ts

It's that time again where potential Las Vegas Gaming Properties -- may or may not be available for sale.  And, I (feel as if I) have to remind ALL potential 'investors' that you simply can NOT expect the owners to be 'dumb.'

Not going to happen!

And, YES! Because I live and work in Las Vegas. I do know of several "gaming properties" that are for sale -- but the owners will NOT state (or allow me to state) that publicly.

Yes.  There is a large parcel for sale that is listed -- but you don't want to buy that parcel because you will only receive slightly less than half of the total acreage fee simple.  The owner of the 'other (slightly larger) half is never going to sell.

How do I know this?  Simple: I know the owners.

Anyway, when I give you a price of a property; and I tell you that's the sale price, you can -- but it's not going to happen -- try to reduce that price it by saying the financials don't support that price.

In most Las Vegas gaming zoned property cases, the financials will never, ever support the selling price.

So, please take my word for it.  The price I give you is the selling price.

Okay?

The reason I stress this is you have to remember that the current owners of these gaming properties know the value of their land.  If the property is worth more as a tear-down, they already know that.
If the property is worth more via the financial statement, they know that, too!

So, if you are in the market for a gaming property in Las Vegas, be ready to acquire it at the stated market price!

The time for acquiring a gaming property as in a buy and flip, is gone.
In the reality of today's Las Vegas, the price of the property is the price!

And, unless you are going to buy and tear down, I suggest you stay on the sidelines.

An example of the last major company to come to Las Vegas, buy a gaming property at a rock bottom price, and trying to just paint and carpet to turn it around is failing miserably.

Of course, at that time they were saying just how proud they were to have been able to acquire the properties for below market value.  But, when they didn't do anything more than paint & carpet, the sophisticated casino patron moved on to another resort property.

The casino properties they acquired were at or very near foreclosure; They paid pennies on the dollar and tried to run them 'As Is' just as cheaply.

The end result speaks volumes about this approach.

And, all the while, they continued to lose market share because of their cheaper than cheap corporate attitude.

How do I know, you ask?  I live and work in Las Vegas, NV!

So, do you want honesty and a true to life assessment of the potential properties in question? If you do, then click the Las Vegas Casino Information Button in the right column, print, fill out with your company's signatory signing it, and email it back to me.

I need this form back BEFORE I release any information about any property to you that I know might be for sale.

Otherwise, Have a Great Day!

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!