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1031 investments: Latest Economic Indices Not Painting a Rosy Picture - 07/02/09 08:14 PM
Here's the most recent data according to R. Keith Schwer of the The Center for Business and Economic Research regarding the Southern Nevada Index of Leading Economic Indicators:The Index rose a modest 0.6 percent for June, essentially standing still on a month-to-month basis. The sharp decline of the past year or so has at least hit a pause, however. Visitor volume, down a modest 2.89 percent for the same month a year ago, contributed the most to the strength of the index. All in all, we may be starting to get around the corner. We remain cautiously optimistic that a turn … (0 comments)
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1031 investments: Main Stages of a Real Estate Bubble - 03/21/09 06:14 PM
I'd like to summarize an interesting article someone just emailed to me. Here's a timeline for the anatomy of the real estate mess we find ourselves in as a nation:
Take Off: 1998-1999 First Sell Off: 2000 Media Attention: 2001-2002 Enthusiasm: 2003 Greed: 2004-2005 Delusion: 2006 Denial: 2007 Fear: 2008 Capitulation: 2009-2010 Despair: 2011-2013 Return to the Mean: 2014 Sounds about right. Backed up by 500 years of economic history, the timeline applies pretty well to the current real estate bubble. In fact, 4 main stages can then be identified:1) The Stealth Phase: With better access to information and a higher … (1 comments)
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1031 investments: Las Vegas Real Estate Market Preview: January 29th is Depression Day - Unless... - 01/21/09 01:07 PM
I noticed that the Las Vegas Chamber of Commerce is once again presenting "Preview 2009" to be held Thursday, January 29th at the Thomas and Mack Center. Tickets start at $60 for Chamber members and $80 otherwise. But let me save you some money and just tell you what you'll hear at the event.The economy is bad... really bad. Traffic counts at McCarren Airport are down to very low levels.... Construction startups are down.... Resort occupancy is a fraction of what is was 2 years ago.... Unless you're working real estate foreclosures, nothing's selling in the residential market and the commercial … (0 comments)
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1031 investments: Real Estate Agents and Mortgage Brokers: A Bad Economy Doesn't Mean You Can't Make Money Today - 12/08/08 03:39 PM
Readers of this blog by now know that I've been working with a private financial firm that's providing some significant recession proof type investments to their clientele. What's great about this group is that while everyone's complaining about a down economy and a lack of movement with good real estate sales and mortgage opportunities, their clients (and now mine) aren't feeling ANY kind of recessionary pinch. Why? Because of the unique investment deals they bring to the forefront.So how does this benefit you, the mortgage broker or real estate agent that's seen their steady supply of real estate buyers and sellers … (0 comments)
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1031 investments: Double-Digit Returns Available for 1031 Replacement Properties and Investors Considering NNN Tenant-In-Common (TIC) Investments - 11/24/08 02:50 PM
That's right, DOUBLE DIGIT returns!
The biggest issue I've seen with 1031 exchange investors these days is their inability to target high yielding 1031 replacement properties. This opportunity solves that problem, as well as the problem so many regular investors are facing in these recessionary times as to where to put their money. So many are on the sidelines waiting for the next best deal. This is it.Are you a commercial broker looking for a great deal to place your client into? This is your deal and generous referral fees are available. Are you a real estate investor looking for a high … (0 comments)
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1031 investments: Does this statement best describe the High Rise Condo Resort Market on the Las Vegas Strip? Wait, there's Hope! - 08/01/08 02:05 PM
"We have decided to delay construction of our project on the Las Vegas Strip due to the difficult environment surrounding today's capital markets and the challenging economic conditions that currently exist. We expect to resume construction when credit market conditions and the overall outlook for the economy improve." This statement, heard today from Boyd Gaming regarding their much anticipated $4.8 billion dollar Echelon project, seems to be the mantra of the times regarding high end high rise condo/resort properties on the Strip. Take just about any development right now and it seems they've all released a statement similar to the above. … (0 comments)
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1031 investments: Free Advice Regarding Las Vegas High Rise Condo Purchases - 04/25/08 04:58 PM
We live in a litigious society where lawsuits can be found everywhere. If you have the wherewithall to even consider purchasing a high rise condo in Las Vegas or anywhere else for that matter, allow me to suggest you purchase the property in the form of a corporation or LLC. There are tremendous advantages of setting up your purchase in this manner, especially in Las Vegas which is very business-setup friendly with its minimal reporting and disclosure requirements amongst a whole list of great reasons for Nevada LLC formation.I recommend you contact Tax Specialists, Ltd, not just for buying real estate … (1 comments)
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1031 investments: How Commercial Property can pay off your Las Vegas High Rise Condo - 10/25/07 03:40 PM
With the way the mortgage industry is these days, it's getting harder and harder to find solid investments. Couple that with the fact the stock market isn't much better than real estate, the question arises "Where should I SAFELY be investing my hard earned money TODAY?" Note the two bolded words: Safely and Today. Now consider those words when you hear the question: How can you turn one solid investment into two... without your pocketbook or bankroll even feeling it? Luckily for you there's a way to do just that. Here's how it works:Say you have $600,000 that you're looking to … (1 comments)
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1031 investments: Unique Investment Opportunities Exist for Las Vegas High Rise Condo Buyers - 10/12/07 05:00 PM
Does this scenario describe you? You're a high net worth individual and you just bought a high rise condo in Las Vegas as a reward for all those years of hard work more than anything else. A penthouse perhaps.. or maybe a unit at Project CityCenter's Harmon Residences. But now, you're still looking for yet another avenue to place the remainder of your investable monies for continued accruing wealth.If that describes you, and you're an accredited investor, there's an extremely interesting situation developing that may work quite well for you. Here's the definition from the SEC website:Defined by Rule 501 of … (0 comments)
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1031 investments: 1031 Exchange Opportunity: Spanish Vista Class "A" Office Building - 06/22/07 05:53 PM
Spanish Vista, located at 4955 S. Durango Road in Las Vegas, is a garden style professional office building located at the hard corner of Tropicana Ave and Durango Drive. This property is located in a densely populated area surrounded by numerous commercial and residential developments. Within one mile the average household income is $107,423.
Purchase Price: $14,100,000
Most Tenants have Annual Rental Escalations 3% - 6% New Financing Opportunity Year Built: 1999 7.23% Cash-On-Cash 3.99 Total Acres Average Household Income within one mile is $107,423 Hard Signalized Corner of Tropicana/Durango All leases are modified gross with a base year provision allowing for … (1 comments)
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1031 investments: 1031 TIC Investment Opportunity: Multifamily - Seabrook, Texas - 06/13/07 05:42 PM
Emerald Shores is the latest TIC property by Northstar Real Estate. This property is suitable for IRA funds, 1031 Exchanges, or simply cash investments. This 128 unit complex is located in Seabrook, Texas just 3.5 miles from the NASA Space CenterDownload the informational .pdf here.Take a good look at the economic analysis for this particular area and you will understand why everyone is so excited about this property.There is only slightly less than $1.3 million in equity to invest in this project, so it won't last long.Properties from Northstar make excellent investments because even in this difficult acquisition environment, they continue to stick to their … (1 comments)
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1031 investments: Perhaps the Most Interesting Investment Opportunity You'll Ever Come Across - 04/30/07 05:55 PM
For heavy hitters only:Here's a chance to invest in the history and the future of New Orleans. This is a $9,494,000 equity offering to acquire and restore the historical Orpheum Theatre in New Orleans, Louisiana along with the adjacent 35,662 square feet of land. The plan is that once the money is raised, the principal will be returned back to the investors in just 9 months. Thereafter, the investors retain their 67% profit in the property and start earning 7% cash-flow along with any applicable tax benefits.A very good friend of mine is marketing this project and all the players involved … (1 comments)
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1031 investments: High Cap Rate 1031 Multifamily Investments - 04/21/07 03:31 PM
If you're an investor looking for high cap rate 1031 investment property, please visit the Quantam Wealth Alliance's revised website at http://www.1031multifamily.com/They provide FREE investment seminars and access to excellent multifamily investment opportunities. I know these people personally and must say the returns on their offerings are the best I've seen so far - even in today's marketplace. Plus, the group is always on the lookout to purchase property as well, so brokers and principals should view their acquisition critieria here. Please be advised, however, that this group is EXTREMELY picky, so only submit properties that meet this criteria dead on. So visit … (1 comments)
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1031 investments: Only $350,000 position left on Douglasville Day Centre - 04/12/07 05:22 PM
Douglasville Day Centre ("DDC") is a newly-constructed, strip-retail center located in the Atlanta-metro region of northwest Georgia - and positions in this real estate based Tenant-In-Common property are moving fast. In fact, there's just a $350,000 position left until it is completely sold out!With a cap rate of 7.29% and projected cash-on-cash returns of 7.02%, this is a great way to take advantage of a 1031 exchange and invest your money into a solid no-hassle investment. No wonder this particular project is selling so well.Contact me immediately if you need to identify and get into this property. I'm sure it won't take long … (0 comments)
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1031 investments: Client in Big-Time Acquisition Mode for Commercial Properties - 04/03/07 03:58 PM
Our office has a client looking to acquire a substantial amount of commercial property in 2007. Their criteria is as follows:
High curb-appeal, core investment properties offering low leasing and overall risk profiles. Class A to B+ retail, office, industrial, and apartment properties. Properties must be free of debt upon closing.Price Range: $5 to $80 million in primary metropolitan or secondary markets nationwide.This group moves fast, they have an excellent record of closing deals and present all cash offers. In the past 2 years, they've acquired more than $250 million worth of high-quality real estate assets across the country and they're looking … (1 comments)
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1031 investments: OwnSelfStorage.com - Self Storage Investments Make Sense - 03/29/07 06:18 PM
The other day, I had lunch with a new client of ours who specializes in developing self storage real estate investments right here in Las Vegas. Quite frankly, I never gave much thought to the self storage concept, but I have to admit that when lunch was over, I was totally sold. My conclusion? Self Storage is it! Here's why: 1) Land costs are skyrocketing. Finding the right residential parcel to develop is tough, and finding the right space for a commercial development is even harder. With a self storage project, developers can find land bargains easier relative to the rest of the … (0 comments)
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1031 investments: Investment Opportunity: The Shops at Rockaway - 321 Mount Hope Ave. Rockaway Twp, NJ - 03/19/07 08:35 PM
Equity Investment Starting At $350,000
The Shops at Rockaway is a newly constructed multi-tenant retail center located directly along I-80 in Rockaway, New Jersey, which is approximately 30 miles west of Manhattan. Located immediately adjacent to The Shops at Rockaway is The Rockaway Townsquare Mall, which is anchored by Macy’s, Lord and Taylor, JC Penny and Sears. The surrounding area has experienced significant growth in recent years and has an average annual household income in excess of $100,000. The Shops at Rockaway has many national and regional tenants including Citibank, FedEx/Kinko’s, Sprint PCS , Verizon Wireless, Supercuts, Quizno’s, Carter’s and Fatburger. … (0 comments)
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1031 investments: Investment Opportunity: Douglasville Day Center - Atlanta, Georgia - 03/19/07 08:34 PM
Equity Investment Starting At $200,000 Quick Facts: Purchase Price: $9,200,000Loan to Value: 75%Cap Rate: 7.29%Projected Cash-on-cash return: 7.02%Property Type: Retail
Douglasville Day Centre (“DDC”) is a newly-constructed, strip-retail center located in the Atlanta-metro region of northwest Georgia. DDC is located at a diamond interchange along I-20 which provides great access to the property. DDC is across the street from the main entrance to the Arbor Place Mall, a 1.2-million-sq.-ft. regional mall that opened in 1999. It is the only mall serving the western suburbs of Atlanta and is a huge draw for retail consumers boasting a trade area population of more than … (1 comments)
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1031 investments: 1031 Investment Opportunity: BoDo Urban Lifestyle Center - Downtown Boise, Idaho - 03/19/07 08:32 PM
Equity Investment Starting At $500,000 Quick Facts: Purchase Price: $30,004,735Cap Rate: 7.04%Projected Cash-on-cash return: 7.00%Property Type: Retail
BoDo Urban Lifestyle Center (“BoDo”) is an attractive, newly-developed, three-building, 116,428-sq.-ft., pedestrian-friendly, retail and entertainment center located in Downtown Boise, Idaho. BoDo is part of the 450,000-sq.-ft. Boise Downtown mixed-use project, a vibrant urban center located at the busiest intersection in Idaho. BoDo sits in a prime location immediately south of Grove Plaza, Downtown’s premier financial center and is only a few blocks from Idaho’s State Capitol. The project is surrounded with ample parking and public transportation. BoDo is currently 93% leased to an upscale … (1 comments)
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1031 investments: Recently Sold 1031 Investment Properties - 02/26/07 06:15 PM
The following is a partial list of properties that have been sold and are no longer available:Battlefield Station in Fort Oglethorpe, Georgia (sold to 22 Tenants-in-Common owners). The Arbors at Mallard Creek in Charlotte, North Carolina (sold to 16 Tenants-in-Common owners). Avenues North Center in Jacksonville, Florida (sold to 30 Tenants-in-Common owners.)And that's just a partial list. If you're an investor with 1031 exchange concerns, please register for FREE at our TIC Investor website, so you can start reaping the many benefits our current investors are enjoying! There is absolutely no obligation by registering at this website.
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Ron Costa
Las Vegas,
NV
More about me…
ALL Vegas Valley Realty
Office Phone: (702) 336-5554
Email Me
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