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Updated over 9 years ago,

User Stats

390
Posts
599
Votes
Serge S.
  • Rental Property Investor
  • Scottsdale, AZ
599
Votes |
390
Posts

Bought a house site unseen

Serge S.
  • Rental Property Investor
  • Scottsdale, AZ
Posted

Full disclosure - I am a big believer of not buying $30k pigs. Against the sound advice of 

@Ben Leybovich I like to dabble in low C class every once in a while. Usually a quick turn and then an owner finance to an investor or I'll rent it out until I get tired of the tenant class. During the hot summer months in AZ we like to escape to the mountains and in my boredom I will bid on properties at trustee sales. If the purchase price and risk is low then I'm fine buying site unseen. So I purchased a pig for $25k which would rent for around $650. Completely forgot about it until this morning and sent one of my handymen out to access the remodel. Here are the pics he sent back:

After wiping my tears I couldn't help but laugh. Note to self

DON'T buy site unseen.

DON'T buy pigs.

Find something better to do than buying random houses. Boredom has a price:)

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