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Updated over 5 years ago,

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6
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0
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Matt Blake
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6
Posts

When to go all in & getting spouses commitment?

Matt Blake
Posted

Quick about us:

Canadians

I'm 41 .. serial entrepreneur with a myriad of experience, and now full real estate doing "property services" including repairs maintenance, full rennos on our own properties and BRRR when it comes avail. And basically not saying no to whatever opportunity comes along.

She’s 33 - nurse. Basically has provided the income banks like, is a great saver and is into real estate but....

Our schedules are awful. With a 1 and 3 year old with 4 day a week 8-4 daycare her 12 hour rotating shifts means she barely sees the girls sometimes and on days she works I can rarely get a full 8 hour day in between dropping off and picking up. Truth be told I’d rather work 12 hour days 6 days a week for a month than half that over 2 but I digress

We have 6 SFHs with secondary suites. They cashflow fairly well. We finally just refinanced equity out of 2 of them, and our primary and will have about 380k in a Heloc as needed. Acquired most in the last 5-6 years

Have our first True BRRRR project starting July 19th, in addition to another Renno I'm doing for another BRRRR guy and I have a full basement to do as well.

Going from zero employees to ... who knows how many to get these all done. Some subs but employing ppl to do the floor trim paint demo etc. Who I hope to keep on if I can keep the ball rolling as a true company along the way

She loves her job but causes deep stresses between her lack of family time and feeling she’s missing out. Also doesn’t cope all that well with stress on occasions

I’d also love to have her help out with bookkeeping, design, and stuff but also just lower the stress around the house.

We talk about her going PT but it’s union and if she gives up her FT she may never get back to her unit.

I mean reality is I’m asking her to work less in a job that she likes, makes good money, for me who has never really made good money on paper, and this whole real estate thing.

With July 1 looming and starting a whole new thing the stress is building. She also can’t take holidays July-Sept to speak if because of seniority challenges.

Question: has anyone been in a situation where it seems crazy to ask the breadwinner essentially to stop working so much so the other can pursue RE? We’ve done well with RE thus far, and she knows we have(just pulled $300k out) and have had cashflow but it’s not the same as a paycheque. If you know what I mean

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