Lesson #127 - Investment Properties Are Never An Investment

Before I was ever thinking about getting married, I purchased a townhouse. It was 2005, prices were on the higher side and I needed a place to live. It seemed like a great idea...so I dove right in!

It is now 6 years later and that place has become more of a headache than anything else.

When The Man and I got married we decided that we'd live in his casa since it was bigger and would be better when the time came for us to have kids. The only option was to hold onto the house and wait it out until the market bounced back and we weren't so upside down (the house is worth $230k and it was bought for $305k)...yuck!

We are now renting it out which comes with its own challenges. We were lucky enough to find great renters who are college students at the local university. Now that it is summer, there is only 1 girl there instead of the usual 3 girls...which makes getting things done more difficult since there is only ever 1 being home.

I got an email the other day saying the outlets on the 1st floor were going out when it rains...awesome. Now there is one more thing to pay for that we can't afford. I hope this isn't going to cost a ton of money!

I can't wait until we are able to sell that place and just be rid of it!!

So...how many of YOU have made an extremely LARGE purchase and now have a bit of buyers' remorse?!?!