This promise was made by a woman who helped put me through college.Long story short, I lost everything:  My 4,400 sf. house in one of the most prestigious gated communities in Palmdale, CA.My 5 series BMW$200K in cash (I spent money like I had the $1M fee in hand)Owed Las Vegas casinos $12K in borrowed money (I was a semi-professional Black Jack gambler. 

You can actually lose when you gamble despite what some casinos would have you believe......    :-)I would never tell anyone to buy anything that didn't cash flow.

It's not like you are going to the casino every Friday to spend your paycheck on BS *ahem.* Granted I am glad that I am not in that bad of a spot where I am having to make "deals" with collections, I aim to keep my credit as high as possible.  

It has a pool, game room, laundry and it's close to the casino and downtown.

But if you build or lease out a property with little demand or a myriad of issues then you will have problems moving it and therein lies the heartache and possibly bankruptcy depending upon the gamble: Donald Trump with his casinos. 

It wastes my time, the other agents time and the buyer and sellers time as I need to present all offers.If I was going to go to a casino to gamble (I don't), I could keep putting money into a slot machine and I might hit a big one but will probably go home broke. 

They just put in a new casino which could make it easier to find tenants because of all the new jobs but I would definitely be carful of what part of Springfield you invest in.

Face it, a 72% COC return is unrealistic, and if you prove me wrong (absent casino-like risk), I'll invest right alongside you!

You want to get as close into the big casinos as you can without actually getting some of the slum stuff that is right there (or get a whole block of the slum and fix it up).

Says he needs to sell in 7 days because he has an option to buy a casino in Reno and needs the cash out of his house to close the deal.He owes $2,900,000 on a $20,000,000 house in Maui.