All Forum Posts by: Dooreuhn Cee

The bank can bid up to the mortgage amount at no cost to them, but they do not always do so. Sometimes they stop bidding if a reasonable bid comes in. Whats the point of the bank winning the auction, taking ownership and liability, only to get the same price as the bid later on MLS.

I've done this before.  Don't rent to contractors.  Don't rent to family.  Don't rent to friends.  When they ask, I tell them that I like you too much to evict you so no.

 Owner financing.

How can you pose one bad example for buy and hold, and lots of puffery for flipping, to support your conclusion?  How does one bad example represent 95% of investors?  

After initially typing two paragraphs of a response that was so fundamental that it seemed patronizing, I started to question the validity of the question posed in the first place.  

In buy and hold, increasing inventory will generally increase cash flow more than improvements.  I'd switch from buy mode to improve mode a the market prices increased enough to dry up new cash flows.  Once the market is high, you are stuck with the current inventory and no longer have a choice to bump up your inventory.

This seems more like a subtle advertisement than an actual analysis of buy and hold.   

 I am very happy with Buildium.  Still learning how to make use of features.  Rental manager is very limited by comparison.  No task management only financial.

 That make sense.  Even though the project now qualifies for a flip, it also still qualifies for my initial intent.  

 What numbers do you use for rent to own?  If the baseline rent is 1k then do you raise the rent (eg, 1,250), or do you require a downpayment that exceeds the 1k security deposit?  How do you characterize the downpayment, as a non-refundable option fee?