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JoeRedskin · 04-05-2010, 03:17 PM

Mine is easy - Four years ago, I bought a house at auction and tried to rehab it myself by being my on Gen. Contractor. I was a bit cocky b/c I had just bought a new house and turned my then current house into a rental and had come out golden.

Unfortunately, I really didn't have my ducks in a row ended up taking way to long to repair it and sold it at a huge loss just as the market dumped. Lost 10 years of savings/equity and am still in the hole over it.

Did I learn anything from it? Yes. Was it a lesson worth close to the 100K I lost? Nope.

04-05-2010, 03:17 PM	#49
JoeRedskin Contains football related knowledge Join Date: Mar 2004 Location: Second Star On The Right Age: 62 Posts: 10,401	Re: Life gives you one "do over" Mine is easy - Four years ago, I bought a house at auction and tried to rehab it myself by being my on Gen. Contractor. I was a bit cocky b/c I had just bought a new house and turned my then current house into a rental and had come out golden. Unfortunately, I really didn't have my ducks in a row ended up taking way to long to repair it and sold it at a huge loss just as the market dumped. Lost 10 years of savings/equity and am still in the hole over it. Did I learn anything from it? Yes. Was it a lesson worth close to the 100K I lost? Nope. __________________ Strap it up, hold onto the ball, and let’s go.