Rank amateur bumbling way through life

[Andrew Schmidt]

My first real estate purchase was a fixer upper in Everett WA.

Bought for 270k, I ended up as a unexpected landlord renting out to friends when I left for a work. That was a mistake, I rented it to them for under market and they were rough on it... The market was hot and a wholesaler gave me 309k for it. Which is about even. They fixed it up and are trying to sell it for 450k.

My second real estate purchase was 20 acres of range land in Washington which I purchased for 8k. Being that I don't need a place in the hills for the zombie apocalypse, random people are now trying to propose a rent to own. Which sounds retarded but if someone wants to camp there for 200$ a month for ten years they can have it.

My third property was two houses on 5 acres. I live in the big house and the tenant in the other one pays the mortgage. I purchased the property for 209k. The small house rent is 850$/month. It's in the path of progress and has room to build 15-20 houses, holding for appreciation and pretending to be a farmer sometimes.

I have under contract a 3-2 house in a cheap market, the inspection brought to my attention additional problems and I'm trying to renegotiate it for 6 grand less (heat pump and electrical issues). They haven't cancelled it yet but probably will or so the agent says.