Resorts World Catskills & Sullivan County NY

[Chris Presto]

Hi All! 

I've been thinking about investing in the Thompson, Monticello, and Ellenville markets as we approach the opening (Tentatively March 2018) of the new Sullivan County Casino: "Resorts World Catskills." The strategy would include purchasing both SFH's and Smaller MFH's within the next three months as the Casino nears completion. The resort has been described as a "Four Season" resort, which would include Skiing, Snowboarding, and a Golf Course for summer activities.

I'm originally from the area (orange county) and used to take trips to the "Nevele Resort" in the 90's and although it was very outdated, it had a charm about it and you really couldn't beat the beautiful mountainscape views.  

I understand the stigma (and clientele) that comes along with a casino. but anyway you slice it, jobs will be brought in, and that is exactly what Sullivan County needs. 

Is anyone actively executing this strategy or have opinions/cautions about it? 

[Bradford Myatt]

I live near a casino and have seen the economic boom it provides. Yes, there is a stigma associated with casinos, but that doesn't change the economics of the area. The obvious jobs in hospitality, food service, dealers, management, etc. provide a sound wage to thousands and provide great opportunities for REI. If you get really adventurous I would AirBnB or look to short term rent a unit. Demand is a constant if you don't mind the daily efforts and turnover.