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Updated over 11 years ago,

User Stats

21
Posts
3
Votes
Dustin B.
  • Grantsville, UT
3
Votes |
21
Posts

Getting spousal or significant other's support

Dustin B.
  • Grantsville, UT
Posted

Hi All,

I am starting and have yet to make a deal yet. I know in a couple of the podcasts and in the UBG it mentions family support is necessary if you are going to invest in real estate as it is a lot of hard work. My wife is very conservative and risk adverse. She has agreed to give me a % of my paycheck that I can do whatever I want with. When I asked her about real estate investing she wasn't excited to say the least. Any advise on how to get support from your significant other. She feels that there is to much risk involved. Side not she doesn't like the stock market either. She is afraid if I buy a house and something happens and it is forclosed that the bank will come after our personal assets. I have tried to explain LLC, S-Corps, and even C-Corps as separate legal entities to reduce my personal risk. Any advice on how I can better explain or talk to her about it.

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