@Matt Devincenzo Holy smokes-I never would have thought of that!

HOLY $%&#!!!

a good deal, $42k purchase price on what's likely a $70k+ value (tenant occupied so we will see), but holy cow......-2 hour required confirmation after winning bid or they cancel the deal-Stated 24 hours to sign contract that's 106 pages long, needs to be signed by both myself and my realtor, which they shortened to 4 business hours because they were late sending the contract out....or they cancel the deal-Stated 24 hour turn around on sending earnest money and confirmation, but they won't give me the wire instructions and can't tell me when they will be available......or they cancel the deal....Trying to keep up with this will travelling, holding down a full-time job, and juggling offers on some other properties.......this one is intense!

Claude) I think Holy Cross is getting pretty hot for the same reason.

Less pricing risk, that's true, but not some holy grail that means that you can go scoop up MF all day long and throw off a 20 IRR. 

are you kidding me... your seriously asking this questions :)  this is the holy grail of private money.. wealthy individual giving you unbelievably cheap money... whats to worry about.. 

Holy ****.  

Oh holy buckets.

Lost the buildings to the bank.. vacancies created negative cash flow on fully leveraged 200 to 300 unit buildings.. down they went investors wiped out. that was 89 to 92... now to be fair... the Holy Grail of prime real estate values IE San Francisco CA in the same time and down the Penninsula to Los Gatos  saw 30 to 50% price compression as well...

I have written about these investments I've made in my blog: Have I Found the Holy Grail of Passive Real Estate Investing?