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Old 08-21-2006, 09:43 AM
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Ima saver Ima saver is offline
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Default Re: Would you buy this rental property?

I thought this was the way to make money too. I bought 3 different rentals. What a headache. The kid would flush a toy and the toilet would back up. One called at 2 am and said they had no heat. My dh went over to work on it, there were out of heating oil. It was one fix up after another.
They never paid the rent on time. They purposely distroyed things. We said no dogs, they had 3 who messed all over the floor.
When we finally got them out, the house was overrun with roaches. One guy I had to take to court to get him out. When the house sat vacant, vandels broke in. We finally sold all three of them and took a big loss, over $20,000 on one of the houses.
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