Quote:
Originally Posted by After Shock Media
Yeah thats it, property ladder. At least on that one people fail miserably on occasion and you get to see the mistakes and the no sales etc.
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I saw an episode of that where a couple bought a decent house and put a pretty decent chunk of change into it. The two things they didn't do were to add central AC ( it was in southern California) and then when they were done and got the new appraisal they got greedy and tried to sell it without a realtor. After 9 months of paying 1500 a month they paid 15K to list the house with a bunch of Realtors and sold it, but they ended up losing more than half their profit. If they had put in AC and used a realtor it would have sold fast and they could have made a really nice profit. greed sometimes kills