And that is the way it should be!!!

The Nevada Supreme Court upheld the HOA's right to foreclose on a property which voids any and all mortgage liens that affect the property.

If you are a lender, bank or investment company, and you don't keep an eye on your investment, then losing your interest in that property is the end result.

HOA Auction Story

A few years ago, I went to one of these HOA auctions to check it out.  I soon learned that I didn't have enough money to compete with 99% of the investors there.

But, I watched, listened and learned just what these investors already knew.

Acquiring a property (usually a SFR/condo home) at an HOA sanctioned auction was the best way to acquire one for under market value. (Please keep that between you and me!)

And, the winning bidder receives the property for cash free and clear.

When I was there, two investors continually tired to out bid one another for a home.  The property was eventually sold for $151,000.  I learned that the losing bidder just hadn't brought enough money to the auction.

Later, I looked the address up and discovered it was a Summerlin mansion that the owner couldn't afford the HOA payments on anymore.  The HOA foreclosed, did their necessary disclosure work, held the auction and the bank was out!

And, while there, I noticed that a lot of the homes being auctions off were already bank owned and the banks simply just didn't pay the monthly HOA fee.  Thus, the bank had foreclosed on a property, added it to their asset list and simple stop maintaining the HOA monthly fee.

Well, the HOA needs that Monthly assessment to maintain their communities. So, too bad, Mr. Bank.  I truly don't feel sorry for you for any bank or mortgage company that created and funded those horrible loans 10 to 12 years ago -- just to sell loans on the Secondary market.

And now the bank are considering bring them back, again?  Obviously, the lesson wasn't learned.

Sure, let's buy a home (we can't afford) on a 100% LTV stated income loan!  Stupid is what it is.

Now, hopefully, I will close a few more deals; and then, I will have a little more extra cash to try the HOA auction process again.

See you there!

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Could Vacant Malls be Renovated into Schools/Classrooms?

As I await for the continuation of the NFL Playoffs, I was cruising the usual Internet sites and came across an article about Department Store CEOs who are being replaced because of poor retail sales.
(Of course it is exciting to me!)

Anyway, with Amazon and e-bay taking rather large bites from this sector, and the fact that stores and malls are closing left and right, it got me thinking: (I know, not a good sign.) Since most communities still need schools, and most communities can NOT afford to build new schools, why aren't those school districts taking these already built and ready for (their) Tenant Improvement buildings and converting them to schools?

I'm sure that the banks would sell cheaply; or, they would lease to the school district cheaply in exchange for them taking care of the property while the bank tries to figure out what to do with the property next.

It has to be much, much cheaper to place a school into one of these buildings because the big box buildings could be divided into classrooms, auditorium, and gym; they already have the essential elements needed to supply children, teachers and administrators what they need.  Especially the smaller retail stores could be classrooms, etc.

Malls have built in Food Courts, Bathrooms, Hall Ways, Indoor Gathering Areas, Outdoor Gathering Areas, Ample Parking, and ease of access to and from the grounds.

The question I have: Why hasn't anyone else thought of this before?

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

The Trumpetters are getting ready -- to be disappointed!

The true title of this post should be: Corruption waiting to happen.

Because it is (allegedly) going to happen.

Trump through all of his businesses (yes! He owns thousands of LLC's which hold various properties from around the world), will result in the end of Trump's reign as US President.

The reason I think this is because I don't think Trump is capable of resisting the urge to make money.  And, as the Emolument Clause says, the president can not make money from a foreign country.

http://www.huffingtonpost.com/entry/trump-emoluments-clause_us_58794852e4b09281d0eaf212

Now, if that doesn't happen, there is another item that I know Trump and his loonies haven't thought about.

Since he owns high rises throughout the world under various LLC's, what will the US Response be when a terrorist group attacks one of his towers?  What if they knock one or two down, killing hundreds if not thousands of people?  You know, like they did with airplanes back on 9/11/2001?

Putting Trump in office will be the biggest disaster in US history.  Instead of paying billions to prevent Russia from attacking Western Europe via NATO, I foresee hundreds of billions being spent being paid for damages, real and punitive as a settlement for Trump's arrogance.

And, even the odds makers are calling for Trump to be leaving office before four years.

http://www.independent.co.uk/news/world/americas/donald-trump-impeached-us-president-bookies-offer-even-odds-us-congress-inauguration-a7531536.html

Unfortunately, the non college educated (STUPID PEOPLE) voted the wrong candidate into office because they were conned into thinking that Trump was going to bring back their widget making/assembling job at $20 an hour. He's not!

Since 1979, +/-60% of jobs lost were lost to automation.  Those jobs didn't leave the US.  They are still here being done more efficiently and at less cost by a machine than a human.

Even the Electoral College -- which Alexander Hamilton originally designed to be a nonpartisan group of Educated people -- got it wrong.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Trump in over his head in Deep Muddy Waters, Swimming with Sharks and He doesn't know it.

Yesterday, after just reading about the press debacle Trump held at Trump Towers, I made the decision that I was correct about Trump all along.  I don't think he is going to last 4 years as president.

Now, why do I think that?

Well, Trump is a businessman who is used to telling people what to do, when to do it, and if it goes wrong, it's their fault it didn't get done.

He claims to be a great negotiator.  But, I didn't see any of that yesterday -- at all.  If he had properly prepared for the press conference, I think it would have negotiated a smoother result.  He would have negotiated his way around and/or through the tough questions.  But, as they asked questions he didn't want to even hear, he got more, and more bombastic and accusatory.

And, as David Gergen explains here: http://www.cnn.com/2017/01/11/opinions/donald-trump-news-conference-gergen/index.html "But, as he so often does, he started shooting wildly at the wrong targets.  Once again, he attacked the intelligence community -- this time for leaking the memos to the press."

What Trump is doing is trying to blame the FBI, CIA, NSA, and other Intelligence Agency's for something that they didn't do.

He is trying to convince the weak minded Non College Educated person that the reason for all the fake news is the Agency's fault.  Why?  Because as a businessman, he could do that and get away with it.

Unfortunately, for Donald Trump, that doesn't work when you are President.  As Harry Truman once pointed out: 'The Buck Stops Here.'

Now, for years, Trump was instigating the 'Birther Movement."  And, it was recently disclosed that Trump truly didn't believe that Obama wasn't born in the US!  But, because it got so much air time on the media, his false statement received so much traction.  So, he continued with it -- until during the campaign, he finally admitted that Obama was born in the US.

And, all along, President Barack Obama took the insult and racist abuse -- well -- like a President!

Now that the shoe is on the other foot, Trump is bombastically claiming he is the victim!

The way I see it, I get the feeling that (maybe, allegedly) Trump himself might be behind all of this.  He is media savvy, as I have seen and heard.  But, the leaking that he is accusing others of doing, could it have been done by him or his aides?  I don't know.  But, I get the feeling something isn't quite right with all of this because I sense Trump protests too much!

Now, only Trump knows for sure whether or not he was in Moscow (as claimed) and being entertained by Russian Prostitutes giving each other "Golden Showers?"  (I am a germ-a-phoebe, too, folks.  So, Golden Showers are never, ever in my sex life, either.)

But, I digress.  So, back to the Government intelligence agencies.

These agencies do have a strong history of never, ever disclosing anything public about any investigation.  It doesn't serve them well if they do.  They wait until court when they are then required to disclose the evidence that they have.

(For example: If you have evidence about a crime being investigated by the FBI, they will listen to you politely.  Most likely they will take good notes or record the session. When you have given to them what you know, they in turn will say,  "We'll take it under advisement."

They never, ever disclose -- as TV shows make them seem like they do -- any evidence they know or have on any case they are working on.  It just doesn't happen.

But, Trump believes that the non College Educated will believe him because he told them to believe him.  And, if they don't, well, it's their fault!

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Not all Casinos will make money; nor are they a good idea!

Usually, when a 'Want-to-be Casino owner' comes to town, and they acquire a 'casino property' for the "it's a good price" reason, I become very skeptical about them.

The reason is that just after closing, they finally come to the realization that they bought the wrong property in the wrong location for more than it is worth!

This happened in Atlantic City, too!  Buyers of Casinos there -- with very little knowledge about the casino business in general -- were claiming they were able to buy a casino 'for the right price' and then for some strange reason, just after closing the sale, they found that they weren't making any money.  And, the cost to run the casino was much higher than they anticipated.

Just so everyone knows: Not all casinos are going to make money.

It is well known that Atlantic City's casino problem has been compounded by that fact that local casinos in states surrounding Atlantic City were the primary reason for Atlantic City's casino demise.

In Las Vegas, there is only one area where you will be spending Billion$ for a property; and will have to in turn invest more Billion$ to bring the property back up to tourist standard to attract them to your property.  (But, most buyers believe that just by putting paint and carpet in will suffice -- when it doesn't.)

Even in the State of Nevada, there are examples of casino properties that have been hurt by California casinos.  Take Laughlin, NV for example.

Laughlin, NV casinos went into overbuild mold that -- well just wasn't needed.

http://www.reviewjournal.com/business/laughlin-s-abandoned-emerald-river-resort-remains-eyesore

Now, are there resort casinos worth acquiring? Of course!

Right now, there are properties worth buying.  You just have to have the Billion$ to be able to acquire them.  You have to have the capacity to close, and, you will have to re-invest money into bringing them back up to date!

Recently, a motel owner asked me to meet him because he wants me to help him to turn his (poorly located) motel into a high rise resort casino.  I told him there is a severe lack of funding for high rise projects.  He wasn't convinced that I was telling the truth.  (I hate when that happens.)  So, he is moving ahead.

So sad.  Because he is going to invest thousands into architectural fees and permits to find he has an expensive time restricted county approval with no ready and willing buyers lined up -- because the banks foolishly fell for the first wave of condo/hotel tower ownership, and lost big time on it.  It was all a waste of money.

Now, if you still have the itch to acquire a Las Vegas Resort Casino Hotel, and you have Billion$ burning a hole in your pocket, and no matter what anyone tells you, you still have a Resort Casino Hotel is in your sites, then you had better contact me; or, click on the Las Vegas Casino Information button.  Download my form, sign it and email it back to me.

Then, we can start discussing which properties would be ripe for acquisition.

PS: European Casino Brokers don't have the internal contacts in Las Vegas that I have.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

John Dean says Trump will breach Presidential Oath of Office!

A lot of you out there probably don't know just WHO John Dean is.

For a long time, I thought he (could be) was Deep Throat* within the Nixon Administration. (It turns out he was NOT.)

Anyway, if there is one person who can read through the BS that Trump is spinning, it's John Dean -- having done this, and did that for Richard Nixon.

This article describes just "How" Trump is using (conning?) Americans into thinking he is capable of being President of the United States when in actuality he is NOT.

http://www.newsweek.com/john-dean-gutless-press-still-giving-trump-free-pass-536478

And like most of Trump's critics, we know Trump is not qualified to be president -- we just can't convince the Non College Educated White Person of this -- yet!

*Deep Throat was Bernstein's and Woodward's inside source that helped them bring down Richard Nixon's presidency. 

Will we need a Deep Throat inside of Trump's Presidency?

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes