Thoughts on joining Black Mountain??

A friend of mine is a member and is suggesting I join. I believe it is $1,500 up front and $275 a month. I heard there is some talks about DR Horton developing some housing around the course etc that would help the membership increase in value.

I am just curious what your thoughts are on this and if I should join or not. Thanks in advance!

You do realize that Osama bin Laden's funeral was more heavily trafficked than this particularly website, right?

Do you like the course, enough to play it all the time/repeatedly?
What else can you do with $300 month golfing across Vegas?
How often do you play?
How far of a drive for you?
Is it an equity membership and if so what are the financial implications down the road?
If more houses are going in how will it screw up the golf course, potentially?
Are you simply presuming that houses = value? Do some research because houses and lower-range golf in this evolving golf world and economy do not equal a cash cow.

You do realize that Osama bin Laden's funeral was more heavily trafficked than this particularly website, right? I REALIZE THIS BUT I USE THE FREE FOR ALL FORUM SO I STOP BY HERE ONCE IN A WHILE.

Do you like the course, enough to play it all the time/repeatedly? I HAVEN'T PLAYED FOR A WHILE. IN FACT I HAD KNEE SURGERY SO I HAVEN'T PLAYED ANYWHERE OTHER THAN DESERT WILLOW A FEW TIMES LATELY. I WANT TO GET BACK INTO IT AS WELL AS START TAKING MY 3 SONS OUT ONT HE WEEKENDS. THIS IS A GOOD POINT I WLL GO PLAY A FEW ROUNDS THERE FIRST. LAST TIME I PLAYED THERE WAS PROBABLY ABOUT 2 YEARS AGO.

What else can you do with $300 month golfing across Vegas? THIS IS A GOOD POINT THE VARIETY WOULD BE COOL.

How often do you play? I WANT TO START PLAYING AT LEAST TWICE A WEEK WITH ONE OF THOSE TIMES BEING ONT HE WEEKEND WITH MY 3 SONS. I THINK THEY PLAY FREE WITH ME UNDER THE MEMBERSHIP AS WELL.

How far of a drive for you? NOT TOO FAR MAYBE 15 MIN.

Is it an equity membership and if so what are the financial implications down the road? IT IS AN EQUITY MEMBERSHIP. A MEMBER IS A FRIEND OF MINE AND TOLD ME I SHOULD JOIN SO I WAS THROWING IT OUT THERE TO SEE WHAT YOU GUYS THOUGHT.

If more houses are going in how will it screw up the golf course, potentially? THERE ARE 3 NINES SO IT MIGHT GO TO 2 NINES OR MAY REMAIN THE SAME NO ONE IS SURE ON THAT YET FROM WHAT I HEARD.

Are you simply presuming that houses = value? Do some research because houses and lower-range golf in this evolving golf world and economy do not equal a cash cow. I WAS TOLD THAT THE COURSE IS IN GOOD SHAPE, IT IS ONLY $1500 TO START AND $275 A MONTH (WHICH SOUNDED VERY CHEAP TO ME), AND THE NEW HOMES IF BUILT WILL BE BUYING INTO THE MEMBERSHIPS PUSHING UP THE VALUE OF THE EQUITY MEMBERSHIPS. AGAIN THIS IS JUST WHAT I HEARD.


I APPRECIATE YOUR INPUT. HOPE ALL IS WELL! (Sorry for all caps was just trying to make the answers stand out from your original post)

If it is an equity situation it is an investment. Like any investment, those close to it say the sky is the limit. Like any investment, that's bullshit ... anything can happen. You need to get the details, do the research -- membership numbers now and projected, equity or not or both, quality of the proposed housing (only about 20 percent of course-side-living residents/owners play golf), will there still be public access, how's the management team, how's the ownership group if not member-equity, how is the ownership if member-equity, does it offer reciprocity elsewhere (I doubt this highly or at least not on a higher-tier basis), etc.?

Those are just the risk/cost/investment issues. Then it still comes back to cost/round -- how much will you REALLY play versus how much you say you will play -- and whether you like the joint that much to begin with.

All is well, thanks for asking. Work is great, life is great, tons of travel and golf all over the map, we live in an awesome part of the world ... no complaints whatsoever.

I decided to still with investing in Real Estate which I know more about. Thanks for all the feedback on this.