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Updated almost 9 years ago on . Most recent reply

User Stats

9
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11
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Nick Falcone
  • Foreclosure Specialist
  • Las Vegas NV Miami, FL
11
Votes |
9
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real estate consultant metro detroit/ vegas

Nick Falcone
  • Foreclosure Specialist
  • Las Vegas NV Miami, FL
Posted

hi I have been involved in real estate since 1990.  Primarily doing pre foreclosures, foreclosures by auction and reits.  I invest mainly in the las Vegas and metro Detroit areas.  I enjoy the income both from flipping homes as well as the passive income from rentals.  I did a radio show in Vegas in the late 90's on real estate and still am doing consulting work.  Current interest includes looking into real estate acquisitions in Havana, Cuba.

Most Popular Reply

User Stats

191
Posts
71
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Logan Hicks
  • Business Owner/Investor
  • Millersville, MD
71
Votes |
191
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Logan Hicks
  • Business Owner/Investor
  • Millersville, MD
Replied

Take one look at a satellite image from space of havana at its ports, and youll see three MASSIVE reasons to say no to investing in cuba right now. Thats right, three ENORMOUS russian carriers are parked there.

Pay attention to politics, it can crush you financially if you arent careful. Right now the only reason why we are playing friendly with Cuba is because they allowed harbor for russian carriers. The second that alliance falls through for them, we dump due to the same reasons we always did, political differences, embargos go back up, and so do the travel restrictions.

Its hard to collect rent from a country that another country hates, and good luck enforcing your ownership rights in the event of a dispute.

Dont get involved in political power pissing contests, simply invest elsewhere. Dubia is a much safer bet for you right now. So is Japan, as well as Italy.

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