All Forum Posts by: Quinton Slay

Well, Here is the final update: On 2/20/18 I purchased my first duplex. I live on one floor and the tenants live on the other. Life is good and I am happy with the way everything turned out. I could not have done it without my mentor, my lender and all of you reaching out to support me and offer up encouragement during my time of need. 

I learned a lot during this process and I hope to apply these lessons as I hunt for my second deal which I hope to acquire before the end of 2018!

Thank you.

@Nathaniel Merriman

Thank you for for the words of encouragement. It really does mean a lot. You get exactly what I’m talking about! THANK YOU. 

@Omar Ruiz, We will agree to disagree. We have different opinions on what comfortable is. It could be that you're married with kids and I am not and it could be that our definition of comfortable is totally different and that's ok. I personally feel as though that student loans are terrible and is more dead weight than anything. especially when the former student doesn't make much in return.

I also do not like Gary Vee.

I wish you the best on your journey.

@Omar Ruiz

Yeah. I live in St. Louis, Missouri.

That kind of debt is exactly what I am trying to avoid. Even more so when Social workers don't get paid much. It's very stupid to get in that kind of debt if you ask me. No offense but your situation is what I am talking about and she wanted that life. I don't. I also do not need to speak with a therapist. I suggested exactly what you said many times and she rejected it each time. Saying, nobody does online sessions AND the times I was in town, she never set anything up. 

Also, If I wanted to, I could call Navient and pay my student loan in full right now. (Its5k at the moment) so that is why I feel so strongly about not having high student loan debt. 

I recognize money doesn't buy happiness but brother, I want to live a comfortable life. being in major debt (dumb debt) and being in the poor house doesn't sound very appealing or happy to me.

@Nicole A. I totally agree. We just have different ways of thinking about the future and I need to find someone who thinks along the same lines and we can be on the same page TOGETHER.

@Omar Ruiz The relationship is over. 

When someone doesn't understand the financial hardship they are creating by taking out excessive student loans, and they still want to live in the overpriced Rhode Island and have a problem with me trying to generate an income so we can survive, there is a huge problem. I shouldn't have to approach it in a different way. She has major debt and wants to live in a land with extremely high taxes and everything is overpriced. I come up with a plan to cut our expenses so we can take care of HER loans, and I get a ton of lip.

Tell me this though because I am curious, do you offer sessions online? Via Skype or something? Does anyone?

@Terry Lao Thank you for the advice. I 100% agree with you. We ran into all 4 but number one and two were the biggest issues.

@Ian Walsh That is whats so weird about it. I didn't really talk about it much. She would tell me to move and I would ask her to help me find a house so we can cut expenses and get on top of her rising student loans. She can drown in that mess on her own with no plan. Oh well, I know to look for someone who is supportive of financial freedom. Thanks for the comment man!

@Lisa V. I agree. But the problem comes in when she has a large sum of student debt, defers payments (allows interest to stack up), takes out more student loans to continue going to school and when she graduates she gets paid peanuts... Why have that amount of debt if you're not a doctor??? If she doesn't want to read Rish Dad Poor Dad, fine. But she wasn't reading social justice stuff either. What she was doing was creating a financial disaster and fighting back when I said "Let's buy a multi-family home so we can cut expenses and get a handle on your loans. We should also move to a less expensive place for a few years. Rhode Island is way more expensive than St. Louis. She would tell me they get paid more than people in STL but the taxes are so high up there the income is offset. She and her family just have a very different way of viewing finances and a very different way of living and it, unfortunately, did not work out. I appreciate your comment and support!

@Victor S. I feel so much better about real estate again. In fact, today, my agent and I are going to look at another property when I get off work. It is a lot more enjoyable too! I also don't feel held back or slowed down at all. This is a great feeling. Thank you for the support.

@Pablo Mendez Its all good. As mentioned by myself and other members of this great community I tried various approaches to help her understand the importance of this project and how it can benefit us and she and her mother had a major problem with it and accused me yelling at them so I moved on. I appreciate your support as well. Thank you for commenting!

@Marissa Carroll Thank you for the kind words and encouragement. I feel a lot better about everything than I did a few weeks ago when I was still pressured to move and she wouldn't help with the house hunt in her own State. I hope to find someone who understands what I (and the rest of us) are talking about like you did. You're right. The stress that you didn't realize was there just vanishes and BOOM, you can think and do stuff again. It really feels like 10 bricks were just taken off my shoulders! I wish you the best. We will be in contact! 

@Marcus Johnson I wanted us to house hack but that desire is a factor that led to the end of the relationship....

@Terry Lao You and I will talk about. That is very interesting to me.

I will be there! Thanks for the heads up!