Maybe they just want a few days of interest accruing with double funds in their accounts.

Hi Logan,Just out of curiosity - what did you decide to do after your calculations?

Out of curiosity, I did a little Google Earth walkabout in this neighborhood, and I guess I need to walk back my 'A area' comments.

OR should I accrue enough to buy my first property first and then pace up my investment in properties?

I ask only out of curiosity as I am new to the Colorado market and am looking to get to know as many of the shakers and movers as possible!

It just doesn't make sense for us to stock pile cash in a savings account that isn't accruing much interest.

Use it to accrue a little bit more for a down payment on something nearing 100k.

@john Anderson - Hey John out of curiosity have you or do you know of anyone who has ever had the mortgage company actually follow through with the "due on sale clause"?

But take this scenario:Property worth about $100,000$50,000 mortgage$10,000 lien that you purchased and accrued interest for a year, was not redeemed, and after the year waiting period (it's a year here in Kentucky) is up and you proceed with a foreclosure.I have trouble understanding that in a situation like this with such equity and value in the house, that your $10,000 lien somehow wipes out the $50,000 mortgage.

Just out of curiosity I fired up Excel and used some assumptions that (1) the land value will gain 1.5% per year in line with the lease, and (2) the lease will terminate with unexercised options and no improvements value.