Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago, 07/17/2017

User Stats

9
Posts
8
Votes
Jose Duque
  • Binghamton, NY
8
Votes |
9
Posts

First deal- Dealing with unsupportive family?

Jose Duque
  • Binghamton, NY
Posted

Hey guys,

I came here seeking some advice/support on this. I am a new investor who is closing on my  very first property (a house hack) within a month. Now the place doesn't look amazing, it needs some cosmetic work, but it cash flows for days, it is structurally sound- no big ticket expenses, as well as it is located in a really desirable area for student housing. I was the happiest man around ...until my parents came up to see the place. No matter how hard i tried to assuage their feelings about this place they could not see behind the grime and the dirt. They hated it so much that my mom cried and basically made me feel like a turd for buying it. Now yes, this house was cheap and with my engineering salary I could buy something nicer, but they did not care at all about the cash flow. I haven't been able to sleep because there is no way i can back out of this deal without getting sued since we are so close to closing. I'm not sure I even want to back out, because I am confident in my estimates. I just feel extremely disheartened to have worked so hard to find this property and to be talked down to. Sorry, maybe i'm just ranting. Has anyone else had experiences with supportive family or friends?

Loading replies...