Engaging Your Spouse

[Cory Harris]

How do you communicate with your spouse the benefits of investing in rental properties when they are as conservative with money as it comes; like let's sit on $50k cash conservative?

I understand that we have our own risk tolerances, but it seems impossible for us to invest in rental properties that generate supplemental income because of a low-risk tolerance.

Perhaps it's a big picture discussion and there will need to be compromises from both sides but I wanted to see if anyone else has had to educate/convince their spouse of the benefits of rental properties.

Thanks for your insight.

[Ericka G.]

Cory Harris would it be possible to buy a small property just in your name so she doesn’t feel as much at risk? Use a portion of your savings for a down payment and then she can still have a hefty savings so it doesn’t feel like a huge risk?

I was already a rookie landlord when I met my hubby and once he saw the returns he became more open to investing himself.

Another way to dip in less scarily is to simply rent out your current home or house hack - find a duplex and live in one side or a SFH with a basement apartment?

Send articles and videos as well, eventually she might catch the investor bug too