Today im going to look at a few properties for rentals and Im going to put in offers that are all cash, 5-7% above ask, 10 days or less close of escrow, free 30 day rentbacks…
I figure 5-7% premium i pay will balance out with the 100-130% gain on my other properties from 2009-2011 if i do get it….
…And if i dont get it…just like in the show Storage Wars where often times one of the people bid up the price of the locker they really dont want just to make it more expensive for everyone else…by participating in the party, even if i dont get the property, I made it more difficult and expensive for everyone else who wants to participate in the game right now, and possibly some of these people might end up as excellent short sales candidates 10-12 years from now..Plus in the short term, I need to do my part push up prices higher so my other rentals appreciate more too , heh heh…
