Richard Arakelian
Money Pit, what to do?
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $12,250
Cash invested: $7,250
Doing Tax-Deed investing taught by Ted Thomas only to fall into this money pit. Yes, ...
Richard Arakelian
Money Pit, what to do?
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $12,250
Cash invested: $7,250
I was trying to do the Tax Deed investing taught by the Ted Thomas group only to fall...
Kyle Weinapple
House is a money pit
Hey BP, I am stuck in a situation where i have rental property in Baltimore city and it is a money pit. The good thing is that its at at 2.875% interest rate. I have owned it for 4 years now and have put a good amount...
Kyle Weinapple
House is a money pit
Hey BP, I am stuck in a situation where i have rental property in Baltimore city and it is a money pit. The good thing is that its at at 2.875% interest rate. I have owned it for 4 years now and have put a good amount...
Tab Teehee
Great value add or money pit?
This is kind of a follow up to a previous post regarding this property. 20 unit property...twelve 2/1’s and eight 1/1’s. Property is currently owned by my family’s estate and we have it under contract to purchase for ...
Stevie Kim
Money Pit Could Have Been Prevented?
I won't get into too many details since the list would be long, but in 2021 I bought a house in Tucson for a part-time escape from Washington state winters while Airbnb'ing it the rest of the time. The previous owners...
Edgar Jimenez
Money Pit Dilemma Holding Up Investment Opportunities
I purchased my first home in 2009 and was able to make several improvements while paying down the mortgage by 60% within 6 years. Due to the rise in property values in my area I was able to sell the home and gain enou...
Macie Moore
Older homes...good investments or money pits?
Hello All,My husband and I are BRAND NEW to the investing arena and have been in our education phase tip toeing around the hot lava that is "analysis paralysis".We are considering taking the plunge and opting for the ...
Sara H.
My rental property is a money pit!
I bought a triplex in 2006 with plans of flipping it. I wasn't able to do it quickly enough before the market bubbled. So I've tried to set it up as much as possible. I was advised to set up an LLC to run the property...
Renae Bouchard
Help me avoid falling into a money pit!
Hi BP Members! We are purchasing our first deal from a wholesaler, set to close on Tuesday. The house is the biggest project we've taken on so far, and I am hoping to manage this mostly on my own. It is a duplex, buil...