I didn’t get what I thought I bought!

[Pat Jackson]

So I bought my first investment property in September, a HUD house. I am going to post the whole thing after the rehab is done. However speaking with my contractor today, I got some news. But first, I was listening to podcast 103 I believe, where the interviewee mentioned he once bought a tax lien house but not all the property it sat on. The advice was read the legal description of the property, not just the address. I thought “hmm, I didn’t do that” Anyway, my lot is twice as large as I had expected. I can’t subdivide due to the utility right of way. I can however build a back drive way and additional parking for the property, which will make it a lot easier to rent. Due your due diligence. I’ll always check out the plot map now. But, even a blind squirrel finds a nut now and then.