This summer, builder came back and said they need to increase the price by 10% due to increased expenses. with all the news around lumber prices, I sympathized with the buyer and agreed to pay the additional amount.

., lumber, garage doors, labor, etc.)

My wife found our first duplex on craigslist, it was a great deal, the seller was a house flipper and had been working on the hose for over 2 years and he was trying to sell another house at the time and he needed to unload a property soon.

Due to covid, labor, and lumber, etc., the home is finally ready for the build to start!  

So in the midst of covid I started this journey, then the price of lumber went up and the builders increased the price $20,000 the end date for this project moved and moved and moved again.

The seller agreed and sold me this property along with another property that he was wanting to unload.

The seller agreed and sold me this property along with another property that he was wanting to unload.

Lumber prices going up, the full gut, rewire and reinsulate made the budget go up significantly.

They knew the monthly payment component wasn't reliable, so they purchased them, and unloaded them for the "cash profit today" option, as fast as possible, rather than the longer term "collect monthly payments" option (which, if there are going to be monthly payments, is generally more profitable [especially if they were ARMs that go up in interest rate & payment over time{1}], that's why everyone wants you to sign up for a monthly subscription for this or that).

If the property is weighing on you, then probably best to unload it.