While you have a bidding war to lose, you also could potentially lose a good bit of upside if the market drops between now and Spring.If gambling and trying to time the market is something you want to try, I recommend you hold off until next winter after the election, hope that there is a major change in which parties are elected, and then take advantage of the influx of new politicians and their staffs to DC (who will be looking for places to live).Of course, I believe that's a bad decision as well.

I don't think we will experience double digit declines over the next few years, but I think that's MUCH more likely than seeing dramatic appreciation.Its entirely possible the politicians in the US and Europe will continue to dither and the economy will continue to slump.

Apparently, the big shots of this country havefigured out a way to make money coming and goingwith the taxpayer getting stuck footing the bill.And, all the while, the politicians shaking their fingers at each other.

well - well - well... seems there are a few issues with the non-existent building code, city-never-heard-of-zoning-for-multifamily investment.total electrical upgrade :|my wrestling coach, community dude, wanna-be politician was in austin on state business today and could not give me the numbers on a total upgrade.any of my guru colleagues here on bigger pockets have a number they want to throw out?

It seems politicians only care about the areas where they know they have vocal voters.

Scott...I have read many of your post's and I really respect your knowledge, but I do not make up numbers, If you make and try to save a big profit in this country, you will taxed to pay for politicians and dead beats. sorry if I offened you or anyone else.

The problem is, politicians have no grasp of the real problems people face.

with the way the government is going bankrupt, rest assured, the property taxes will be going up % wise in the future.I can't do 10% for taxes/insurance in my state. too many crooked politicians & villages not living within their means.

Then, if the answer doesn't ring true (like the politician who "wants to spend more time with his family"), or if it turns out clearly to be false, then you have your first red flag.re: financials, start by asking for the usual suspects: The actual current rents, the basic lease terms (expirations, renewal options, if any), and the operating expenses.

He is a very public figure and just like famous people, politicians, etc, everything in his life is up for speculation.