Now, if you want to gamble a bit 'cause it's really a nice place, I'll buy the place subject to at a higher price, if ole Boyd gets to closing on time as agreed under the option, well, I lose the premium I paid and I'll need to sell it to him at that price....but, if he fails to the second (be'n the good ole boy he is) then I just keep the place and he'll need that stool.Fausto, not so close to Wayne, he'll get splattered, little more back towards you....that's good, right there, KA DING thanks.Speak'n of ole Wayne, he's on to someth'n there, a good Option Contract IS a purchase contract, in fact, you can go by a purchase contract and just take out all that default malarkey that nails the buyer if'n they don't buy the place.

Those both seem rather big gambles as opposed to hedges... but hey, each unto their own. 

There would definitely be a knowledge gap in switching/adding something new to your portfolio, and bigger gambles could mean bigger losses in the event of a mistake while learning. 

Owning a property for a year is a tough gamble, since you pay a lot in selling commissions, etc so breaking even is tough. 

Nicely done.it the thought process that we see on BP   IE   Cash flow is everything and appreciation is gambling and i don't care if I ever get appreciation as long as I get some cash flow. 

this is why I personally am bullish on Vegas.. at least the newer areas of Summerlin or Henderson.. homes that were built in the 90s or 2000s  Stucco  tile roofs desert landscape.. with A class tenants  no income tax and  property tax's subsidized by gambling. property tax's are by far teh lowest I have ever seen in the US for investors..

If you're playing the currency arbitrage game, that's fine, but you're gambling.

Taking a little bit of a gamble that the property won't have any major damage, but they've been good tenants so I don't expect that to be the case. 

Here is my response to that question:I don't go to casinos to gamble.

I've considered waiting for the auction and bidding there for the clean title, but I'd rather get it at a fair price than gambling on what would happen at auction - I've never bid at a foreclosure auction, so I don't know the mechanics.