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Is with us in Washington DC the home -- foolish things.
That's and what's up today and -- -- you -- I I'm getting married you're good you're calling in from the delegation from DC.
Thought Hillary -- -- your foolish money -- and I.
Well this could actually my husband who I was not married him at the time.
But it was started it started in 06 at the height of the real estate boom NBC.
-- the top of it.
He had recently shall hit single family and downsize to a Condo -- we have a lot of cash.
And he was approached by a good friends to get involved in -- and -- real estate investment deal.
Where they would purchase age fixer upper priced at about 500000.
Pared down -- best.
Huge beautiful this odd million dollar home and sell it for a profit.
Well there were relying on the expertise of one of the -- -- only experience and building his own house.
They did not count on C -- not being friendly choose individual investors.
The county actually would bail them -- little things like.
That foundation being a quarter of an inch -- half inch off and they had to come in and get them foundation the concrete people to come redo it oh my gosh.
Yeah -- that that added about 69 months the market -- in 07.
Day how the expert stop that it would save money to have him and -- Father who -- four hours away come down on weekends and -- how that took four months -- -- normally two weeks.
-- got an offer early LA for over a million dollars and again against my advice to the -- -- the about a partnership agreement -- A counter.
Over 5000 dollars lost that deal we were fortunate -- During that time we ended up getting married.
We were fortunate to get a long term relief on the property for above market branch.
Three years -- I was terminated a year and a half early.
We finally got an offer on the house or -- We went through one of your ELP.
And after three months until I got they got an offer on the -- for 400 up a 100000 less than the group's investment.
-- in January a week before our second child was born we old house.
But we were fortunate enough to be able helped all the debt on the house but my husband got his share of the law with 200000.
And yeah when you think Apollo -- we get a phone call from the renters who actually and is -- back to Australia so we can go after them.
But we're having to pay -- utility disconnection fee and they have a security system and you have to -- an early cancellation beyond that there were getting stuck with that -- But the good news is that -- at that it was done a week before our second child was born and all during that time we were so scared of everything.
I'm having to cover the mortgage payment ourselves that we were able to -- -- we really focused and in.
We ended up paying off 300000 dollars worth of debt in two years why -- Yeah we've still got a little ways to go and had we had that cash in on the table Paula that out of there would be in a much better position that we're.
Very excited about not having that mortgage payment not having that headache.
And one of the last election this year.
One of the lessons were the key to lessons you -- -- -- well.
Well I think whenever I that I -- here off the top of my head that are right on the table.
Well he -- that.
Building held an event and doing that foreign investment not a hobby it's a full time gig that -- all you know you can't you can't do -- part time that's one of the last sense you.
I think one of the left center that he shall we listen to me when I tell him something you who.
I always have a partnership agreement and have it written it.
I'll modify the last one never -- partnership.
Well yeah actually I -- there -- yes idealism partnership.
He can't I would agree with that went out -- don't listen to your wife stay out of partnerships and don't speculate on real estate would debt.
Those -- the three let's act that are on top of the table how -- -- 200 grand lesson.
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