All Forum Posts by: Tiger M.

"Don't worry about a thing,

'Cause every little thing gonna be alright.
Singing' "Don't worry about a thing,
'Cause every little thing gonna be alright!"

Rise up this mornin',
Smiled with the risin' sun,
Three little birds
Each by my doorstep
Singin' sweet songs
Of melodies pure and true,
Saying', ("This is my message to you")

Singing' "Don't worry 'bout a thing,
'Cause every little thing gonna be alright."
Singing' "Don't worry (don't worry) 'bout a thing,
'Cause every little thing gonna be alright!"

Rise up this mornin',
Smile to the risin' sun,
Three little birds
Each by my doorstep
Singin' sweet songs
Of melodies pure and true,
Sayin', "This is my message to you"

Singin' "Don't worry about a thing, worry about a thing, oh!
Every little thing gonna be alright. Don't worry!"
Singin' "Don't worry about a thing" I won't worry!
"'Cause every little thing gonna be alright."

Singin' "Don't worry about a thing,
'Cause every little thing gonna be alright" I won't worry!
Singin' "Don't worry about a thing,
Cause every little thing gonna be alright."
Singin' "Don't worry about a thing, oh no!
'Cause every little thing gonna be alright!"

Rent increase for Sept 2015 is from $1.40 now to $1.60. Sept. 2016 it goes to $1.75 and is fixed the last 3 years. They would like to buy the property once they have full capacity. They are buying additional buildings in the complex now for expansion. Option is possible if we gave them a break on the escalations.

This property is fully leased to a charter school and one of several building in use by the school. Lease in place until 2019 on this building, school grew 25% for this new school year 2015-2016. The tenant is a Hillsdale College affiliate who is a co-educational, non-profit liberal arts college in Hillsdale, Michigan, United States. Jay Nordlinger of the National Review has described Hillsdale as "the conservative Harvard. This is a true triple net where tenant pays all expenses on the property so the cash flow numbers are direct profit. Here is a link to the listing  LISTING LINK

Here is a link to the tenants web site Tenants web site and here is a taste of who they are: The Hillsdale College Barney Charter School Initiative has deliberately taken a classical approach to education. By “classical,” we mean a form of education that could be called classical, civic, and liberal but in the school reform movement these days most often goes by the designation “classical.” Some might call it “conservative,” but we prefer the term “traditional.” That is, we adhere to an ancient view of learning and traditional teaching methods. Such a choice might at first seem paradoxical or even out-of- touch with reality. Why, at the beginning of the twenty-first century, in the age of the internet, in a country that has long been addicted to the revolutionary and the novel, when almost everyone in the world of K-12 education is singing the chorus of “critical thinking skills for a twenty-first-century global economy,” should cutting-edge schools root themselves so deeply in the past? Is not newer always better? What could today’s young people learn from old books? We must answer these questions clearly from the outset. Classical education has a history of over 2500 years in the West. It began in ancient Greece, was adopted wholesale by the Romans, faltered after the fall of Rome, made a slow but steady recovery during the Middle Ages, and was again brought to perfection in the Italian Renaissance. The classical inheritance passed to England, and from the mother country to America through colonial settlement. At the time of this nation’s founding classical education was still thriving.

Send me an email with the credit and collateral file.

Leland,

Do you do anything in Taos? Curious how that area is doing.

Raj,

The market is tightening up but there are still deals to be had. Let me know if you would like to get an ice coffee and I can show you what we see going on. The multi family market has a rare opportunity downtown right now. The auctions for SFR have been very slow but the numbers selling have tripled in the past several days. Commercial has opportunities but you need to be able to hold and wait for the right tenants.

I totally disagree with the provided advice.

We don't rent section 8 because of the games the inspectors play. I will provide one example: Annual HUD inspection was completed and a list of repair items was required. We sent the handyman over to complete the repairs within 72 hours. Tenant caused every single repair item. Tenant denied access and rescheduled. At reschedule date no one was home. It was rescheduled again and he was able to complete 95% of the items. He scheduled a return after a HomeDepot run and no one was home. Finally he got in and fixed the remaining items as time ran out for reinspection. The inspector came back to reinspect and failed the unit over a cracked switch plate cover in the bathroom. The penalty was a $497.00 rental abatement. For a $0.25 item. The owner had spent about $575 to meet the repair list.

There is absolutely no reason in this market to subject yourself to the hassles and propensity for property damage. If you get a higher rental rate, it's usually offset by the cost of returning the property back to habitat condition. There are plenty of qualified tenants for any property type in Vegas right now.

Best wishes.

I have 15 performing 2nd position loans available. They average 75% LTV. They can be purchased individually as well as a pool. The payments yield 10% on all loans, so you can collect the 10% until refinance or payoff and gain the discount between the balance and the price.

@Zachary Martin I think its a great idea. Keeps your interest in the family. Your credit will have pros and cons. It will show the payoff without refi, but unless your dad goes to a local agency to report the credit, you won't get the benefit of on time payments. Your debt to income will greatly improve though. Yes you can still take the interest deduction. There really aren't any legal issues with an installment sale agreement. 

las vegas convention and visitor authority.

growth trend

City/Area 1970 1980 1990 2000 2007 2008 2009 2010 2011 2012 2013

Boulder City 5,223 9,590 12,760 15,519 16,206 16,840 16,511 15,886 15,502 15,901 15,850

Henderson 16,395 24,363 69,390 198,691 265,790 272,063 275,134 276,428 267,088 269,243 278,047

Las Vegas 125,787 164,674 268,330 483,448 603,093 599,087 607,876 606,656 586,356 594,294 606,762

Mesquite N/A 914 1,960 15,605 19,194 19,939 21,253 21,142 19,139 16,900 17,718

North Las Vegas 36,216 42,739 50,030 124,936 215,026 216,672 221,003 224,940 227,155 224,003 229,314

Unincorporated C.C. 89,667 219,536 367,810 587,524 877,233 861,546 864,569 891,305 851,389 888,314 914,563

CLARK COUNTY

(Las Vegas Metro) 273,288 461,816 770,280 1,425,723 1,996,542 1,986,146 2,006,347 2,036,358 1,966,630 2,008,655 2,062,254

Percent Increase --- --- 8.7% 6.1% 4.4% -0.5% 1.0% 1.5% -3.4% 2.1% 2.7%

Pop. Increase --- --- 61,530 82,183 83,888 (10,396) 20,201 30,011 (69,728) 42,025 53,599

Average new residents

moving to Clark County

each month --- --- 5,128 6,849 6,991 (866) 1,683 2,501 (5,811) 3,502