Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

35
Posts
3
Votes
Damian Howard
  • Wilmington , Delaware
3
Votes |
35
Posts

I made a big mistake

Damian Howard
  • Wilmington , Delaware
Posted

To be brief, I trusted my uncle who I've known for 40 years. A good "church going" friend of his that he has known for about 50 years had my uncle watching her house, she moved away more than 5 years ago. She told my uncle that she wouldn't list the house and whatever he recommends as the selling price, she would honor. I talked to my uncle and he advised that she would be ok on a ceartin price on the house. Long story short, I made some repairs to the property without purchasing the property out of my own pocket due to the close relationship my uncle told me he had with his friend. At this time about $10,000 later, she was advised by an attorney to not sell the house at price that my uncle promised me and wants about $30,000 more.. most of the repairs have been made and currently there is no porch on the house because we are replacing the porch at this very moment.

I know better than to fix a house I don't even own yet but I trusted my uncle. I would of never of done that. The woman hasn't even been in the house for the last 5 years. What I did was a rookie mistake by trusting family..  Don't do what I did!  Basically the lady ended up getting a fixed house for nothing.....

Loading replies...