Thursday, November 8, 2007

Perhaps It Was An Ill-Advised Purchase

So, today is Day 846 of The Great Real Estate Investing Experiment. I thought it would be fun to reflect on the two plus years of this, and what I've had to go through. In that time, I've endured:

-2 house purchases
-2 failed house sales
-1 major housing downturn
-Roughly $80,000 in combined housing value drops, due to said housing downturn
-20 different tenants
-4 of which were mentally unstable and/or substance abusers
-1 of which was a phantom pooper
-4 water leaks causing extensive damage
-Including two in the past week
-Two sets of carpet replacement
-Two sets of hardwood/laminate replacement (one of which was due to one of the aforementioned water leaks)
-Two grease fires...in the same house...in the same kitchen...by two different tenants...within a month of each other...both made somewhat worse by their attempts to stop the fire by throwing water at it...the worst possible thing you can do with a grease fire
-0 condo association meetings attended
-2 condo fee increases agreed upon by those who actually attended those meetings
-1 pest problem
-1 of which was caused by the filthy, disgusting tenants and their filth

All of which has resulted in:
-1 Disgruntled Investor

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