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Updated almost 11 years ago on . Most recent reply

User Stats

953
Posts
508
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Marci Stein
  • Rental Property Investor
  • New York, NY
508
Votes |
953
Posts

Don't do what I did

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

Placed a bid on Auction.com and put down my $2,500 deposit for for a SFH an hour

away,thinking if i get it at this price I can't lose. Wrong!  I then looked up property to find out taxes are 8,000 a year, with rents between 700-800 a month !

When will i learn from all you smart people here to do my research first .

Luckily, someone outbid me , but not before i was up all night worrying i might win it. 

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