All Forum Posts by: Quinton Slay

Billie Miller Thanks for the advice! I'll keep that in mind.. it's just concerning when people people don't understand the difference between a rental property and something you plan in forever.. to go with your example, would you put granite in a rental property ? Personally I wouldn't, I'm just curious if you would and if so, why?

Jason Chen I'm going to assume you failed to read my post in its entirety. I never said she was asking for anything. No BMW, no enormous bracelets, nothing. I said she's struggling to understand the business side of real estate investing. She asked me for help, I tried and it doesn't seem to help so now I turned to your guys and you didn't come close to answering any part of the post.

@Jason Chen while I totally understand and agree that the differences in financial goals could create a problem down the line, it is still very rude for you to jump here and give bad relationship advice when I didn't ask for your relationship advice. I asked how to help her see the bigger picture. She agrees that house hacking in the way to go but she wants help understanding business so she can contribute and you've gone off the deep end and called her spoiled and stupid. I am. It sure where you get off thinking that is ok. I'm not even sure why you think I'm here for relationship advice. Just about everyone else offered up meaningful advice and experiences. But you're getting in your feelings because I told you I don't appreciate your rude comment? Get real.

Hey @Account Closed I will give that approach a try. in the end, I am just trying to make our lives better. Thanks for the advice! 

Yes, I definitely plan to invest in St. Louis as well.

Thanks, @Paul Choi and @Joseph M. I this is really helpful advice. I will be sure to try both ideas!

Thanks!

@Paul Choi This is great. I've been wondering if she's into real estate like I am. If she's not, that's fine. I support her and she supports me. 

The main reason I am trying to get her involved is that I currently live in St. Louis Missouri and she just moved home to Rhode Island. I don't know the area well and I don't know anyone there besides her, and her family. Because of that, I think she should be involved in the first deal/house hack because it impacts her as much as it impacts me because we plan to live in one of the units for a period of time. 

I am basically asking her to find a location and just talk to people about what we're trying to do. Nothing too crazy. That's when she starts up with the other unnecessary stuff. 

Would you agree She should pick the location, and I find the deal and handle the financing and business end of it and she just live happily? 

Ok, @James Fede What is his location? You can send me a Private message with his contact information if you have a second.

Thanks, @Ryan Kinsella I will keep that in mind. I'm sure she can do some interior design of all the units if needed. Great idea. Something I didn't even think of!

@Michael Lucero Thanks, Rich Dad Poor Dad is a book I didn't think of. Maybe it will get her on track.

@James Fede Who does your friend work for?

My girlfriend and I are trying to buy a 4 family home in Rhode Island. We want to live in a unit and rent the other three units (House hacking). My girlfriend seems to not understand why we need to house hack opposed to just buying a single family house.  She also seems to lack a business mindset. The fact she doesn't understand why we need to run credit checks on tenants and require co-signers depending on age or credit history is concerning. 

We've established we will house hack our way to our "forever home" or "Dream home" but she keeps making comments about amenities she wants within the home that you just don't find in any apartment in America. 

She is really trying to understand what I'm talking about and has even been reading all of my emails between myself, a banker, and people I've found here on BP and she still doesn't understand whats going on. I've tried to get her to read Brandon Turner's book but she's too busy with Social Work school. She has listened to one of the podcast and didn't feel moved or enlightened and I've tried to explain things to her for a couple of months now and she says she still doesn't understand. I am trying to be patient and I want her to understand what we are doing before we meet with an agent in September but I am running out of ideas on how to break this all down to her. 

Has anyone experienced the same thing? If so, how did you overcome it?

Does anyone have any suggestions?

Maybe a different book will help get her excited to read it?

Maybe she's just not that into this like I am? I'm really not sure at this point and I just need some help.

Should I just handle it all and tell her "Ok. This is the address of our home for the next year or so." Then a year or two later, move us to another 4 family building and so on until we can buy a single family? I'd like to help her understand how investing of any kind works but it's just getting frustrating at this point.

Thanks!