And, in my opinion, it has more potential to fail.

Borrowers should spend a little time getting some initial opinions on their project.

-economic vacancy rates (real vacancy + non-collectable rent and related income) -turnover costs between tenants (normal ware and tear costs painting, carpet cleaning etc.)I would also echo time tends to be under estimated and very costly.This post is only my personal opinion.

Might as well ask an ant to figure population figures down under in 30 years' time.CASHFLOW is king, in my opinion.

As for Denver County auctions...In Colorado auctions are held by the public trustees of each county.Below is a link to the Denver County public trusteehttp://www.denvergov.org/clerkandrecorder/ClerkandRecorder/Foreclosures/tabid/437349/Default.aspxI have not attended Denver's Foreclosure Sale/Auction, but my experience is that the public trustees required a certified check(or other good funds) at the auction.I would certainly speak to expert before participating as it is a buyer beware (caveat emptor) purchase: -No guarantee that the foreclosing lien is in first position-No rights to inspect-Can be redeemed out by other jr lien holders after sale-Persons may still be living in the property and require eviction or other arrangements-Lessees may have a grace period to leave-All sales are finalI am not an expert and that is just my personal understanding.The aforementioned is personal opinion and none of the content should be considered a binding offer or agreement.

I ask because it is often much cheaper than using hard or private money.My understanding is that many banks and credit unions will still provide first position liens on investment properties (as long as it and the borrower meet the criteria).This post is only my personal opinion.

In my opinion, an assumable loan at 5.25% will be a valuable commodity during the term of this loan.I don't know if this type of situation is available for you on your property. good luck.

Check with others in your permits location for their opinions.

Originally posted by Rick Harmon:So, using your approach, to create a target list either:1) match obits to owners and contact the relatives, or2) research court records of open estates containing real estateAre either of the methods you mentioned above better than the other in your opinion?

I wanted to get the opinions of the experts.An established builder in the area has built single family homes and town homes in a new neighborhood.