Quote: Don't get greedy: We all want to make a great buy, but ... a few thousand dollars one way or the other won't make a discernible difference ... another 10K on a 400K house amounts to an additional $50/mo ... what you might spend each year at Starbucks.

I'm a conscientious land lord and try to give good customer service, so I don't want this idea to paint me as a greedy slumlord.The vacancy rate for Denver SFRs has dropped under 2%, and when I talk to prospective renters they often say how desperate they have become.It's really a nice spot on the supply and demand curve to be, and rents are increasing sharply in response.Al Williamson has posted about going for niche markets to make extra income.

But, they said that they would rather one of us kids profit off it then these "greedy flippers" (their words, not mine).They moved to AZ, so they wouldnt even be around when I rehabbed it (if I chose to), so thank God that wouldnt be an issue....but, again, Im still leaning toward selling it outright and washing everyone's hands of the mess.

Even with immaculate comps being greedy can cost you....Kudos,Mary

Here are the basic facts as I know them.I moved to this part of the country (NW Arkansas) 1.5 years ago following a career on Wall Street as a derivatives trader.

I'm new also, and in an area where houses are foreclosing left and right, however due to the upward swing in the market, banks are getting greedy and not willing to sell at the investor's prices (I read that 65% of market value minus repairs, is about where an investor needs to buy - is this correct folks?).

If you don't want to spill your personal assessments in public you can speak in the third person as to how others might make some self assessment.Know thy self certainly is a beginning point in business.Most of my RE activities when I began were basically as a supplemental income matter, the motivation was probably greed, I just wanted the money and my involvement was rather casual.

I have one now, owners did BK 2008, house still in their name.Agreed banks are just greedy lol but the truth Alex

As Warren Buffett once said, "be fearful when others are greedy and greedy when others are fearful."

But hey, don't get too greedy and end up with a "nail house" like these people...