Residential Real Estate

Published today in the Las Vegas Review Journal is a news story about how housing sales are through the roof.

I really don't understand how people are buying properties with the expectation of flipping them later this year or next.

The foreclosure crisis is of such magnitude in proportion that I am even scared to go after some of these properties.  AND, with the "Robo Signing" cloud hanging over head, and the nevada DA pushing for How? and Why? answers, you could end up with a Lis Pendens on your property post close.

Then, again, if you are going to spend $2million or more on a SFR or Condo to hold and flip, why not just acquire a property at  +9% Cap Rate that is a leased property that is a passive investment which would provide you income for the next two to ten years.

And at a +9% Cap Rate, you will re-pay your initial investment off in +/-120 months.

So, instead of buying a house to just sit there and possibly get vandalized, buy a proven leased property with a credit tenant.

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

For some reason, 2012 is starting off pretty darn good.

This week, I emailed my hotel casino client and he replied that he is 'within a week' of us writing an offer for a prominent hotel casino.  I am keeping my fingers crossed on that one.  Sorry.  I try my best to NOT talk about current deals that I am working on because of the ever lingering: "Fell out of Escrow" black cloud.

And, I have had three replies to inquiries I sent out about several restaurant/tavern sites that are NNN investments.  There are six properties but my gut says only four are worth buying.

So, here it is, (actually) two days into this new "work" year and "things" seem to be moving in a positive direction.

It actually appears to be real time actual buyer/seller activity that has NOT been around for several years.

And, lastly, another client looking to wrap the property up that surrounds my listing: Ferguson's Motel.  (Unfortunately, Tamaras doesn't return telephone calls.)

Anyway...

For Information about Las Vegas Commercial Investment Property, contact David Howes at: david@davidhowes.net