“Once feelings are involved, business takes a back seat,” Houston rapper Slim Thug wrote in The New York Times’ “Your Money” section (March 25).
“I was interested in selling my house to buy another one,” Slim Thug wrote in “Slim Thug’s Real Estate Game Plan, Dashed By A Dalliance.”
“While planning this business move, I heard about an opportunity the Obama administration was offering that would assist homeowners with short-sale deals, where the lender settles for a sale price below the amount owed on the mortgage.” Slim continued, “I jumped on the opportunity and reached out to a real estate agent to assist with the process. It didn’t take long to find an agent, and over time we became very close. In fact, we became too close and found ourselves at a point where pleasure became more important than business.”
Slim, born Stayve Jerome Thomas said that on the path to flipping a five-bedroom house, he ended up flipping pillows and, “The result was hurt feelings, mixed emotions and resentment and once feelings are involved, business takes a back seat. After the end of our personal relationship, the deadline expired for taking advantage of the short-sale program.”
The situationship left Slim in foreclosure, ruined his credit and cost him $200,000.
“Who would have known that sex would lead to losing money? Obviously, I didn’t. But this is one of the many mistakes that led me to talking more about money as part of my work. It’s 2015, and my credit still isn’t the same. Neither is my net worth, but the lesson I learned is certainly priceless.”
Slim Thug self-published a 47-page e-book entitled “How To Survive In A Recession” in 2012.