Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Marketing Your Property
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 6 years ago on . Most recent reply

User Stats

36
Posts
16
Votes
Shyam Panchal
  • Investor
16
Votes |
36
Posts

Recovering From a Bad Investment

Shyam Panchal
  • Investor
Posted

Hi All,

I am new to BiggerPockets but have been following the forums for some time.  I am looking for some investment advice on the sale of a rental property I have out in Alpharetta, GA.  The property is a single family home with a finished basement.  The upstairs living area and basement are segregated, with a 3 bed, 1.5 bath in each unit.  The basement unit is currently rented with a long-term tenant.  

I recently purchased this property back in February 2018, but since then I have had a laundry list of issues with the property since I closed the deal.  Some information during my purchase wasn't disclosed by my agent and I found out after the fact.  There are high-voltage power lines running through the backyard of my house and I recently discovered that duplexes are not legal in Forsyth County.  These facts came out of a refinance appraisal earlier this year after I purchased the home.  In addition, there were a laundry list of repairs which I had to complete over the course of the year.  Now I am in a situation where my top unit is having trouble renting, it's been on the market for 2.5 months.  Needless to say, I am considering selling the house now.

Has anyone every dealt with this situation and are there any strategies that I could implement to sell the home faster?

Thanks

Loading replies...