I bought a rental home and the new tenant paid first month rent and never paid

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Jun 3, 2023
9:01:00pm

demon_llama All-American

again for a year. Couldn’t evict because #Covid. That sucked. Live and learn. It’s cash flowing nicely now.

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demon_llama

Previous username: CAFB_04-12
Bio page: demon_llama
Joined: Dec 23, 2006
Last login: Feb 7, 2024
Total posts: 7,391 (21 FO)

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Messages

Author

Time

What's the most money you have lost on a single investment?

EQD2

6/3/23 6:34pm

Me too. And for a week I thought I was a genius.

RalphWiggam

6/3/23 6:36pm

Coyote Coin. Was told it was a sure thing.

DieHarder

6/3/23 6:36pm

Some stupid business coaching thing. Like $1500.09

Dark Forest Green

6/3/23 6:39pm

Twilio. Bought the dip…turns out there was still a long way to go down.

dtownCoug

6/3/23 6:39pm

RE: What's the most money you have lost on a single investment?

JDBlue

6/3/23 6:39pm

Small cap biotech. Dumb.

Don Carlton

6/3/23 6:40pm

I bought a used car for $4k once. Dumbest $4k I ever spent.

Japan Coug

6/3/23 6:41pm

Having a child

All-American

6/3/23 6:42pm

That's a good point.

Dark Forest Green

6/3/23 6:45pm

I think the payoff comes when you don't end up in assisted living

EQD2

6/3/23 7:08pm

Can't imagine a better return on any other investment.

roseyscenario

6/4/23 10:04am

Invested in a startup. Lost 35k. Sucked.

TarCoug

6/3/23 6:42pm

Hah! Me too. Though not IPO. I waited a few months and saw Rivian drop to $80 before diving in. Now it’s at like $14.

yapacoug

6/3/23 6:46pm

Lost 20k to an Amazon business scam. I guess not totally a scam but I got way

Chefcurry

6/3/23 6:52pm

Wait, was the Amazon scam related to this at all (Or something similar)?

TCuz

6/3/23 7:21pm

Not the same company but exactly the same scam. FBA is a scam and if anyone

Chefcurry

6/3/23 7:49pm

Lost 2k on BYU football over 7.5 wins total for the season last year🫠

gmoney7

6/3/23 6:59pm

It was you!

Dark Forest Green

6/3/23 7:28pm

Some crypto coin with a monkey or dog name. Pretty sure I read about it here.

Jstak17

6/3/23 7:00pm

It’s not completely “lost” because I haven’t sold, but double my salary from

Thrill

6/3/23 7:13pm

Ouch

EQD2

6/3/23 7:17pm

First home purchase in CA - lost $400K

NorCal_Coug

6/3/23 7:17pm

Woof. How did you bounce back from that??

EQD2

6/3/23 7:18pm

Well, he uses the internet at the library so...

Gunga Galunga

6/3/23 7:27pm

Short sale…

NorCal_Coug

6/3/23 8:39pm

Spec home in Eagle Mountain 2008. 20k.

Florwood

6/3/23 7:20pm

$7k. I bought hours away from its peak and just watched it spiral down. Lessons

cruoti

6/3/23 7:46pm

About $175k-$200k cash.Had a partner in a joint venture with infinite potential

King of Y

6/3/23 7:52pm

ouch

qwerew

6/3/23 8:49pm

40,000. Waterfront land with about 15 investors & the market crashed. They could

SouthernBlueBlood

6/3/23 8:01pm

$5,000,000 in 2008 real estate 🥲

my4boys

6/3/23 8:37pm

but it all rebounded correct?

qwerew

6/3/23 8:48pm

Nope 👎 started over…almost back 😀

my4boys

6/4/23 6:02am

good job. My wife keeps telling me we need to get into real estate.

qwerew

6/4/23 11:31am

I lost that and then some in the RE crash in AZ in 2009. Didn’t ever get it back

Nat Gas Man

6/3/23 9:21pm

We actually sold our house in Tucson in March 2008, as it was tanking. People

King of Y

6/4/23 12:16pm

150K

qwerew

6/3/23 8:48pm

I bought a rental home and the new tenant paid first month rent and never paid

demon_llama

6/3/23 9:01pm

A Ford Escort when I was 18

Pro Logic

6/3/23 9:33pm

500

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