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The Money Pit
 
As a Realtor, (and a slightly capricious 27 year-old), this is a bit hard for me to admit, but the fact of the matter is, I seem to own a money pit!
I bought my first home last year, after being in the business for two years. I was picky and wanted a specific style of house, and since I show houses all the time, I wasn't willing to settle, unless it was a fantastic DEAL!  Just like so many first-time home-buyers, I got my "Deal", and I ended up buying a proverbial "fixer-upper".
I really love the area my house is in. It's the City I graduated from High School in, the downtown location of the home had a lot of appeal, both for myself and my family, and also for rental and resale value. I did my all my homework. I performed a Comparative Market Analysis to see if, statistically, my home was a good deal, and in a solid neighborhood. I had it inspected by the City, and also paid for a private home inspection. I looked over the list of City code violations, did the math, and decided the repairs were within the scope of my ability to fix, thinking I was getting an ... more

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