i live on a culdesac in a gated community near vegas

there's 13 houses on the street. right now mine is the only one occupied. my neighbor killed his wife then committed suicide a couple of weeks ago and every other house is in foreclosure and unoccupied

i looked up all the prices and if i wanted to buy the other 12 it would come out to 1.71 million or so. i think i could talk the bank down 20% on each so somewhere in the 1.35-1.71 mil range i'm looking at. i'm unable to get financing to buy any of them so it would have to be a straight cash deal which i can swing but it would hurt.

every house is a mansion with 6+ bedrooms and pools. is this a good investment? if i did this i was thinking i would just block off the street and connect all the houses through an underground network of tunnels and maybe have each house serve a different purpose. like turn one into a movie theater, another into an office, etc.

kind of make like one big house made of smaller houses. is this a better idea than just buying a 2 million dollar mansion?

Connecting them with a tunnel with be expensive. If that is what you want to do make sure you get an idea of how much that might cost because I could see it being hundreds of thousands. Then I assume you would want to remake all the houses so each one would have a specific purpose. No sense having a movie theater house where you just put a big screen in a normal living room.

In all, it seems like a very expensive way to go about things, but I don't know how much of a house you can get for 2 mill anyway.

bills will be higher with a load of smaller houses compared to 1 big house i would think. Not sure how it works in US. But even still heating is going to be higher. Why you need so much space?

I don't think anybody would be interested in living in 13 houses. It might still be a good investment, though. Have you thought about buying a smaller number of houses together?

This sounds awesome. Can I be invited to the housewarming party please?

Idea 1... this would make for an amazing paint ball "complex" and idea 2... is you rent them out to thirteen families or people and then have an annual vote on who has to move. It keeps the neighborly spirit overly high... aka no mowing your lawn every other week bull**** like the bum accross my street.

Re-evaluate your goals for doing this - it sounds like you want to live out a 12 year old fantasy of building a super cool fort that everyone would be jealous of.

But you're not that old anymore and once the novelty wears off...what have you got?

It's worth noting that rsigley is the guy who wants to build a big town of wax in South Dakota or some other state in the great plains (unless he was leveling) so maybe the novelty wouldn't wear off.

But really, living in a "compound" of sorts would be totally badass, but this is a tad excessive. wtf would you do with a mansion-sized office? Why not tone it down a bit and just buy the house next door?

Have you considered transforming them each into dungeons for torture and murder? This way you could kidnap people/children and move them from house to house whenever the cops get a warrant for one. They'd never know whats up.

lmao great idea. Can I be the caretaker of them all? I promise to dye my hair red and dress like groundskeeper willie from the simpsons.

terrible idea

I bet the tunnel system would end up costing 1m+ since contractors are likely to try and take full advantage of any eccentric request.

Too awesome

zoning and permits will be challenging, not that I believe you anyways

Are you the same guy that posted about buying 5+ trailers and connecting them? No matter what your response is, the answer is the same: BAD IDEA.

sign me up for one 130k 6 bedroom gated house with pool

how far from vegas? you could turn one or two of them into a harem house i would think

Howard Hughes used to live in Vegas, and even his crazy ass didn't do this.

Doing this would be awesome. Almost as awesome as living in a nuclear silo http://www.silohome.com/

This is ******ed. I thought this was going to be about buying all the homes as a way to manipulate / attempt to preserve the value but this is just ******ed unless you plan to start a cult. Merging condos is one thing since it just involves knocking down walls but building ****en tunnels between homes is just ****ed up.

Also what was this about a wax city?

jesus thats a sad story.

most basic lesson of finance is diversification. I dont know what % of your net worth this kind of money is but if its sig high, give the bullet points as to the justification in taking an outsized long position in high end vegas real estate.

He isn't taking a position in high-end real estate. Once he does the planned modifications the homes become basically worthless. The market for compounds is pretty limited.

lol OP can't be serious

I don't really need the space, as it is now I only use 3 rooms: my office, bathroom, and my movie theater where I usually fall asleep in.

It just seems like something that would be cool and I have the money so why not. I was also thinking it would be a way to make sure bad people don't come in and buy the property when the price drops real low and rents it out to 16 illegals per house which would end up causing me to move anyway.

I have a lot of land in Montana and I'm building a big house there but because of business it's not really viable to move there. I need to travel to Houston once a month and LA and usually have 4-5 face to face meetings around the US and it's easier to leave from Vegas.

So they are all mansions w/ purchase prices of ~$142,000? (1.7M/12)

well i dunno the definition of mansion but to me they are

they all have 6+ bedrooms, 3+ bathrooms, most have pools [i thought 2 did but they don't] and most have high end counter tops/floors/new electrical/plumbing etc. some are obvious additions and are built from property line to property line but the others actually have some yard too

according to wikipedia you need more than 9000 square feet to be a mansion so i guess they're not. these are all in the 3,500-6,000 range

i grew up in the city though and anything > 3000 square feet is huge to me