Back from the gym. Drinking a protein shake, then I have to meet a business partner for lunch. We're buying an office building here. The escrow was extended twice by us because we didn't have all the funds, and now extended once by the owner for reasons unknown. It's a good deal I think, it was empty anchor tenant left so the price was already low and we are buying it for about 15% below listing price. More importantly, with minimal improvements we are able to rent it out such that if there were a mortgage (there won't be, all cash deal) would have positive cash flow. We have been showing it to prospective tenants during the escrow and have commitments for all of it. Hey, I never said the only reason I come to Vegas is to gamble!

My business partner says "Vegas is booming!" I'm not so sure, but this particular office building is a good deal. We plan to later build apartments on its huge parking lot; zoning will allow it. For that we will need a loan or investors.

You guys who live in Vegas, in your opinion, is it booming again?

I'd love to say that I met this business partner at the tables, but no - he's from back home, and maintains a second residence in Vegas. He does come to the tables with me occasionally and brags to all his friends about how I am always beating the hell out of the casinos. Luckily every time he has come to the tables with me I have won. As we know, it's not always that way! (see below)

As far as my friend - not so good.
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