All Forum Posts by: Allyson Edwards

I almost feel uncomfortable replying to this topic because its not really any of my business, but you brought it up so...

Get a marriage counselor then a CPA.

That said you are both to blame, not just you.

Read between her lines...she is resenting her situation, but it sounds like you also resent the fact that she grew up with money and you didn't. So what? Shouldn't matter, maybe you think she should be the main contributor because of that, and bc she doesn't know how to curtail her spending, the value of a dollar,  Sounds like you are trying to give her a life lesson or prove a point. Thats not your job really, and she resents that.

BUT...You have definitely worked your tail off, with the acquisitions that you have done, and the research and seminars you have attended. Thats no easy feat either. She may feel left out, she may hate her job, she may feel guilty about all that , there are lots of reasons she is upset and it may not be about the money at all for her. Find a professional and be honest with each other. It sounds as if you are both using RE biz as your excuse for why things have gotten sour. 

Often in life when things are going well we sabotage ourselves because we think we don't deserve to be happy, loved, and wealthy. But thats simply not true...its a false belief.

I wish you both the best, I would kill to have a portfolio like yours and I would enjoy every minute of it with my spouse.

Would like to attend, coming from SB so also my be a tad late...

Thank u...

Absolutely get one if it is a second or third marriage. I personally dealt with this. Most of the the thread talks about divorce, but what about death. And death in a second marriage. My dad divorced my mother when I was 5, she was a single mom with out a college education, and had to move back home for while before she could get a home for her and I to live in. When she finally did get a home it was in the 80s (remember those interest rates!!! I do) anyway over the years she worked very hard to get everything she had and everything she could give me as her child. She did very well as a single mom and and working parent. She had her small modest home for us and a nice sized 401k. She worked and retired well (Unfortunately she did lose a chunk of her retirement in the 2008 crash but thats whole other story.)

In the 90s she remarried my step dad. She made him sign a prenup...and thank goodness she did. When she died June 2017, I was her only child, only heir(and her granddaughter), and her executor. Before I could even fly back to NY he had already taken 10K from her bank account (by finding her passwords) stating he needed it to pay bills (lie #1) and then he seeking a lawyer to try to take part of her estate (which by the way was all hers the home on the water she paid cash for after selling the one i grew up in for a profit). They always had separate bank accounts etc. Luckily his lawyer told him he would never win because he willingly signed a prenup. Plus he was too cheap to follow through and pay the lawyer for any further advice. Lucky for me my mother was smart and if she didn't trust him well then kudos to her...not my marriage, not my judgment call. But it is interesting to see how fast people change when money  and assets are involved. He had his own rentals and good pension from city of NY, plus a condo in Fla, he owns free and clear. Its not like he was homeless after she died. He was just greedy.

My suggestion is to get a pre nup especially in 2nd marriages and when previous children are involved. My mother's good decision saved me a lot of lawyers fees and anguish.

Hi Everyone,

Im reading this thread and learning a lot. I have 2 SFR rentals myself and have not gone much further than that because I have not felt comfortable with the market lately. Ive just been watching, reading and researching. I am in SoCal so that in of itself is another reason I am patient. In reading all these comments I feel a bit better knowing I AM being patient. My question to all the seasoned investors is this,

Can you tell me what common Real Estate indicators I should be following, to know, "ok, we are officially in a downturn, correction, crash". I'll probably know a "crash" but for more subtle corrections what indexes, graphs, news, media should I be looking at and reading (ie) CPI, Wallstreet Journal, MLS inventory, Or maybe I shouldn't look at media at all? I don't know, what I do know is that I use my intuition a lot in Real Estate and so far Ive been ok. Could it be that this is all I need to use?

Any advice is greatly appreciated, thank you for starting this conversation, just because its come up multiple times before doesn't mean we all can't stand to learn a little more and contemplate on it again. It can only improve awareness.

~Ally

@Junior Picano congratulations! Sounds like your hard work has paid off. I'm in the same boat living in CA it's a difficult place to cash flow...I too invested OOS, North Carolina. And plans to do multifamily OOS as well. 

Cheers and applause!!

SO AWESOME!!! Congratulations!

LOVE THIS Journey! way to Go Joe !

Go to "store"

then to "lease agreement package"

at the top

Is this property still available?

https://www.youtube.com/watch?v=reb4GXg1W2k