A guy charged roommates $100 a month for utilities on a house with free solar and well water, then tried to buy the property to split and resell it in Buckeye, Arizona. The owner warned him he'd tried the same thing in 2006 and lost everything in the 2008 crash.
Chapters
I made each one of my roommates, new roommates, pay me 100 bucks a month for electricity and water. We lived on a well and we had solar. Duh. Okay. So here I am now doing what's called pad splitting and co living, which is now actually a thing. I didn't invent it, but I did it right. And so the place I lived was a five, four, four and a half bedroom, we'll call it that. Four and a half bedroom, four bath house on five acres in Buckeye before Buckeye was cooled. And it was before that crazy lumber crisis that we had too. And so what I did was I called the owner property. I said, listen, I'm paying you rent. I said, but can you sell me the property? I'd rather buy the property, split it up and sell it. He says, buddy, I did that in 2006, and then this thing happened in 2008. I said, whoa. I said, let me guess. I said, you bought it, split it, couldn't sell it. He goes, yep. I says, well, shit.