“I was interested in selling my house to buy another one,” Slim Thug writes in“Slim Thug’s Real Estate Game Plan, Dashed By A Dalliance,” which appears in the Times’ “Your Money” section. “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.”
“I jumped on the opportunity and reached out to a real estate agent to assist with the process,” he adds. “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.”
The rapper born Stayve Jerome Thomas says that his desire to flip a five-bedroom house spurred desire in the bedroom.
“The result was hurt feelings, mixed emotions and resentment, and once feelings are involved, business takes a back seat,” Slim Thug says. “After the end of our personal relationship, the deadline expired for taking advantage of the short-sale program.”
Slim Thug says the experience left him in foreclosure, ruined his credit and cost him $200,000.
“Who would have known that sex would lead to losing money?” Slim Thug writes. “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.”
In 2012 Slim Thug authored a 47-page e-book entitled “How To Survive In A Recession.”