Real Estate Investors Do the Dumbest Thing!

[Account Closed]

Ok , I've done some stupid things over the years but one came to mind today when i was new new new.  I was helping a handyman trying to be a general contractor who was working on a project trying to learn.  He sent me to  the store to get a bunch of quarter round.   So i went to the store and thought hey, this stuff wont go on the car so I'm going to get it all cut in smaller strips..... went ahead and did that with all of them and got back the guy was not happy.  I didn't know there was a purpose to having it long runs.  So he went back to the store and got a whole new batch.  

Have you done anything dumb in your real estate investing career? 

[Jim K.]

Rented a tenant a house with central air conditioning , never having turned the unit on to make sure it worked. It didn't.

Honorable mention: Flipped two apartments for free, a studio and a one bedroom, for love of a girl that I broke up with right after the second renovation. This is honorable mention because I still thank my lucky stars every day for realizing that a woman who complains every day of a job about how slowly I'm making her money isn't cut out for life as a handyman investor's wife.