Just ask any of the thousands of real estate agents, broker or even developers who in the crash lost everything because they new nothing else.

We would have lost all that money…What they really mean is that they sold the house for $100k more than they paid for it.Most of us here on BiggerPockets chime in to help new investors, so I put this post together hoping to help them on this topic.I have long been an advocate of renting your primary residence vs. owning it.

I lost and I haven't yet seen what the sale price was.#3 - List price was $17,500 and I bid $16,000 and won the bid.You win some, you lose some.

In 28+ years, I have lost money on one flip.  

As the owner of a property management company in Central NJ, I have also told certain clients to take a hike because they wouldn't listen to my suggestions, they would meddle, lie, etc and it just created headaches for me or caused me lost rent in some cases.Basically, if you are causing me more headaches than the tenants, take a hike - not worth it.

@Asif Aman I agree wholeheartedly with you on the lost opportunity costs but you can easily park your cash in a marketable security such as tax free municipal bonds so you can access when a good deal is available.

I recently lost my job which helped make my decision to get into flipping/property investments.

Some tenants stay and pay some move on but in the end everyone is still well and alive - but you lost out!

I have more than likely lost my short, but built a little equity. 

Financially I am probably further ahead because of it, but lost out on those opportunities and adventures.