If you know what you are doing the fund would seem inferior to assets.3) Did you invest in MHC directly?

I make pretty good money at my day job, but I don't have any inferiority complex or any such hang up.

Even simple stuff that doesn’t require a professional is usually not done correctly by tenants most of them cant tie their own shoes they will not do it or do it poorly or cheap out with inferior replacements

He wasn’t saying that they are inferior.

Heard off the cuff comment that CAP rates around 9 or 10 is more attractive to them. ( My thoughts are that apartments buildings in safer locations, in better cities, had been seen as offered at between 4 to 7 CAP rates, While only in undesirable area of cities and towns, we can see CAP rates higher, as risks are higher and quality of tenants inferior.)

That's exactly why the Bord is there in the first place.Of course, it could be that the flippers offer was inferior in price but superior in terms - but the Board will sort that out.

Depending on the state, a tax deed auction will wipe out most inferior liens like mortgages.

I see this is an old post, but I also attended the $1000 3 day course that was promoted at the Tony Robbins event.Aside from all of the stuff you guys went through, we were falsely instructed that Florida, where I reside, is a Super Lien state, where HOA Foreclosures trump First Mortgages as well all inferior liens to the first.Later when trying to get more information on this, we are told that we needed to be taught by Doug himself, again at the $39k rate, to learn these tips.Real Estate Attorneys that I have spoken to down here have all said this was false, and that only a Tax Foreclosure would trump a first mortgage.

I realize that what you are getting if you win an auction is likely an inferior junior lien.

I grew up around people who had wealth- the inferiority I felt was crippling and could have been quite debilitating in adult hood, but for some chance decisions.