Originally posted by @Gia LaForge:We just found out the the other half of our duplex will be coming up for sale in the next few months, but as a rental, it would basically be a break even after expenses.

and between us we have $470,000 cash liquid and $600,000 in ROTHs..HERES THE POSITION OF THE TWO OPPOSEING POSITIONS:partner #1 - use all BUT $100.000 of liquid cash, sell off 50 oz of gold , 125,000 wholesale value of unset  precious GIA certified gemstones and  an art collection to be auctioned and pay off the 10 houses that generate then $14,700 a month in gross cash flow before taxes and insurance WITH THE ABILITY TO RAISE THE RENTS EVERY YEAR SINCE THE CRASH...then switch focus to direct mail and wholesaleing and get out of the flipping in a volatile market that is at it's probable peak....only do a couple flips a year INSIDE the ROTHsPartner #2 - Keep plodding along and stay liquid with the $450,000, borrow hard money for the flips at 10% and use the cash to rehab and let the tenants slowly keep paying down the properties while switching focus to direct mail and wholesaling..

I have had tham in the past and they only appeal to a certain type of individual.I have founf most people do not prefer them due to lack of natural sunlight, low ceilings, egress issues and some other issues.The biggest positivei sellin gpoint for me was the cheaper price I can offer them compared to a regular apt.I assume you are talking about a basement that is part of a ranch or colonial or cape Cod that has standard living space above ground?

@Gia Hughes - hate that you're underwater.

Gia

Are you able to charge a premium on rent simply becauae it may not last more tham 30 days?

You never have to worry about this with insurance because the insurer manages that risk for you by providing guaranteed cash values (their general investment account (GIA) invests in a diversified portfolio of stocks, bonds, real estate, precious metals, etc.)4) Liquidity.

A Piece of Something is Better Than a Piece of Nothing

I see this simple concept overlooked and underappreciated……all of the time. At the office, in our homes, and at the proverbial negotiating table. How many times...

(adding height to a replacement window ia much cheaper tham adding width)

@Jason Tham Nice!