real estate consultant metro detroit/ vegas

Foreclosure Specialist · Las Vegas NV Miami, FL · Member since 2015 · 12 posts · 11 votes

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.

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Logan Hicks

Business Owner/Investor · Millersville, MD · Member since 2015 · 191 posts · 71 votes

10y

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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Michael S.Pro Member
Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
10y
@Nick Falcone
Welcome to Biggerpockets. Great to have you here
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James Syed
Real Estate Broker · Mount Olive, IL · Member since 2013 · 1k+ posts · 310 votes
10y
Welcome to BP.
Great networking here.
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Logan Hicks
Business Owner/Investor · Millersville, MD · Member since 2015 · 191 posts · 71 votes
10y
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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Linval T.
Investor · Bay Shore, NY · Member since 2014 · 1k+ posts · 688 votes
10y
@Nick Falcone
Welcome aboard the vibrant BP community. You already have a lot of tools in your toolbox....no pun intended.
Now, you simply have to work on the other elements to progress your REI pursuit.
Ok, now that you have taken your initial step, below are some quick links to get engaged.
REI books suggested by BPers
http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books
Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.
Feast on the Podcasts, #askbp Podcasts, blogs and webinars
Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.
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Phillip Dwyer
Real Estate Agent · Henderson, NV · Member since 2011 · 1k+ posts · 550 votes
10y
@Nick Falcone Welcome to BP. I started my real estate career in the Detroit metro, and now live in Vegas metro. I look forward to bumping into you on the forums.
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Robert AdamsBusiness Member
Real Estate Broker · Henderson, NV · Member since 2009 · 1k+ posts · 373 votes
10y
Welcome to BP...Look forward to hearing stories from your experiences. Best of luck on your real estate journey!
[email protected]702-349-9175
The Adams Team at Rothwell Gornt Companies4.972 Reviews
Website View Page
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Nick Falcone
OP
Foreclosure Specialist · Las Vegas NV Miami, FL · Member since 2015 · 12 posts · 11 votes
10y
thank you for the welcome, and Logan, my interests don't conflict w/ those of Russian ships in Cuba, try to stay a little more focused if you want your opinion taken seriously.
As for others in the Detroit/ Las Vegas real estate markets I welcome any questions, thoughts, advice or comments.
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