PA - Ace Investments Disaster - First SFH Investment

PA - Ace Investments Disaster - First SFH Investment

Member since 2024 · 4 posts · 0 votes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $75,000
Cash invested: $85,000

I purchased my first investment property from Ace after reading reviews about them on BiggerPockets. Unfortunately that investment has turned out to be pretty bad with a combination of issues with the tenant, section 8 and constant upkeep. I am looking to turn this around after the tenant left without informing us mid lease.

I am looking for good contractors in the New Kensington Area to get this turned around so I can try to get some sort of cashflow or fix and flip this. Would love input. My PM firm is Rentwell. 

How did you finance this deal?

Paid cash

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  • Lender · CA · Member since 2018 · 638 posts · 393 votes
    1y

    I get the Ace newsletters and have always been curious how their deals turn out.  I am sorry you had this experience but I am commenting to follow along if you have updates on the way.  I hope this gets resolved quickly, and feel your pain.  Going through some similar deals right now.

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