All Forum Posts by: Veena J.

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Interesting compilation. Ironically, we are invested in 3 of the top 7 markets. 

Originally posted by @Maggie Tasseron:

Originally posted by @Veena J.:

I've had this happen to me recently-- my new nickname is "Slumlord Millionaire" lol. I just laugh along with it... if it pays my bills and I'm within good conscience, who cares? This is business, not personal. ;) 

 Do you ever have the feeling that people are especially critical of you because you're a female investor? I've been one for almost 40 years and to this day there are people who assume that some man must have given me everything I own. Fortunately I have a thick skin and care about the opinions of very few people.

 ALL. THE. TIME. And after they find out what my husband does for a living I get "Oh. Must be nice... Guess we know where your private money is..." Eye roll. I use it to my advantage though. ;) 

Luckily I have awesome partners though who are always respectful and treat me like an equal. Smart men ;) 

There are just too many slices of pie in REI that one of the big downfalls is being a jack of all trades and master of none. Focus on a niche market is a great way to brand and grow the biz. Obviously, people make money on buying, selling, repositioning, managing, building, commercial, etc. but it's difficult to do them ALL. Great question. I used to ask this many times myself.

You've already heard this above, but I can't tell why you have paid DP without having closed... My guess is you meant earnest money. You agreed to buy the house in the condition it was in on the executed date unless otherwise specified. Therefore, your seller will be in breech of contract because they are unable to deliver you what you agreed to purchase. 1. Get an atty now. 2. Give written notice to your seller that you will not be closing currently. 3. Either lower the sales price, or walk. You will lose whatever option money you have put down. Read that option paragraph in your contract carefully. Hopefully you only put >a couple hundred max there. We usually put $20-100 depending for our options. $20k seems astronomical for option on this deal. Good luck!

Can anyone rec a good foundation sub in the Dallas metro?

I have some painting guys that I use on my rehabs if you still need help. They work great and just finished up my property today. 

Would you mind sharing with me as well? I have a property out there that I have been managing myself. 

I would like to see the details as well please. Where is the property located?

Lol. I've never experienced anything like it. Unfortunately, I'm not the only one that has had this experience with him. Oh well... Live and learn right? 

It's just business. It should not be emotional, so I don't understand what his objective is here. 

Anyway, I'm happy that my husband is in an entirely different field that he loves. On bad days I can live vicariously through him! Lol.