The One That Got Away - A Real Estate Investment Story

by Lanard
(Florida)

I can't believe I let it get away!

I can't believe I let it get away!

Years before I bought my first investment property I came a cross a "handyman special", a duplex that was literally minutes from downtown and a 10-15 minute walk to the University of Florida Campus. The location couldn't have been better.

The owner was willing to finance with $1,000.00 down and carry a note for the difference. So, ditto the location; the financing was as good as good gets.

The property lined up pretty good. All it needed on the outside was a good paint job, but quite frankly I don't remember much about the inside. However, what I do remember is thinking that my wife was definitely not going to like the idea of living in it while we rehabbed it.

Well, to make a long story short I procrastinated until somebody else bought it; and every time I drive by it (approximately 2-3 times a year) I'm reminded of just how much of a knucklehead I was back then for not jumping all over it.

It would have been a good flipper, but a better "buy and hold investment". To this day I continue to kick myself in the rear for letting it get away. I'm still crying about it.

Image courtesy of Rattigon at FreeDigitalPhotos.net

Comments for The One That Got Away - A Real Estate Investment Story

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The One That Got Away Revisited
by: :Lanard

It still pains me, even after all these years, to think about this.

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