Buying and counting on a single property to appreciate is indeed dangerous but in my opinion, if you have other money makers and reason to believe you can play the appreciation game with a single property in your portfolio that isn't cash-flowing, I would posit that taking that informed investment risk with the hopes of a bigger payout is not a bad strategy.

Colin,Just because God din't give you the skills to play classical piano doesn't mean you can't work with what you love.

Just a few numbers to point out how you've got to be careful about playing the more-money-down game.

In Ohio if someone knows how to play the game they can stay in a home for over a year without a payment to the lender.

wow am i ever glad i found this forum before i bought my first rental i guess i have to play with these formulas more to get comfortable with analysing deals thx to all who posted and keep the advice coming!!

So, the whole redeption period topic doesn't come into play.

(Yes, I realize you didn't ask us to analyze the property per se, but you asked for a reasonable offer price, which is absolutely tied to what will make the property a good deal, which of course requires analysis.)Bottom line, if you are absolutely convinced that it is a good deal at 1.4M, then take it at 1.4M.Originally posted by "littleivy":I have lived here a long time and have seen my home increase in value from 275K to 1M in the 13 years since we bought it....and our first home, which we kept as a rental, has increased from the 195K that we bought it to being worth about 850K+.I also won the lottery the last time I played, so I figure I'll be a shoe-in for the next time I buy a ticket.Have you seen this graph?

When borrowing from a private lender you are buying for a fixed price a partner who has clearly agreed the role they will play with no strings.6.

and massive (time-is-of-the-essence) action plays a critical role in staying ahead of "competition". good luck and hope you have continued success.

You might not be great at being a baseball pitcher, but you could play 2nd Base extremely well.