If nothing ever breaks, cash will be available for you for any other purpose.As long as your property will provide you with positive cash flow on a consistent basis, you won't be rocked by market fluctuations, including rapid depreciation of real estate values.

Yes you might have all cash and that's attractive but it NOT that attractive to take that big of a difference.As you said if the land is real valuable redevelopment can give you great returns on the back end.Also a 7 cap might not be bad if you discover for instance that rent rates are increasing at a really rapid clip per year on average for that area.

Cedar Rapids/Eastern Iowa folks, anyone been involved in an REI group that would recommend it.  

Pricing is lower although we are increasing rapidly due to lack of inventory and the influx of out-of-state buyers. 

Anyone have any investor friendly portfolio lenders in the Grand Rapids area? 

Currently own one rental property and looking to expand rapidly!

@Julie Fagan - I'm from Grand Rapids, MI - yes you can do cash for keys - have them sign a quit claim - it has to have specific language in the deed in order for most title companies to want to insure it. 

Downtown LA is expected to grow rapidly as it has been, predicted 7-10% rise in value by next year.

Then try all three lists in your planned 500 increments weekly.

I am currently putting the pieces together for a new business which involves partnering to able to build a large rental portfolio rapidly.