Help me convince my significant other RE Investing is beneficial

[Chadwick Cotner]

BP Members,

I am relatively new to RE investing and looking to start building my RE portfolio (multi family and/or SFH). I have had one prior property (SFH) that happened out of necessity rather than informed investing. That experience was poor for a few reasons but ended up OK when we sold.

However, now I am looking to get into active RE investing but am having a hard time convincing the significant other. I know there are benefits to owning a positive cash flow property, even if the numbers are tight, but am having a hard time articulating the facts for my opinion.

I have been looking in the BP forums, but the sheer number of threads and responses are immense.

What are the potential benefits/and or advice for someone like me, a $144K W2 employee, who is renting (thanks divorce) with decent credit score (again, thanks divorce), a veteran, with some cash in a TSP to invest, who is looking at markets out of my residential state (AZ) and not looking to house hack?

Please help me convince her RE investing is the way to go.

CW

[Tess Reitz]

I'd back it up a little, getting your partner on board right now won't be won through the facts around why REI is a tool for cash flow and wealth building (although that will be important later). Try shifting your perspective from why it makes sense for you, to why this makes sense for her. She already knows you're on board, and I'm sure your excitement means something to her but how can REI get your partner closer to her life goals? Schedule some time for you both to discuss: what experiences do you each want from life? What lifestyle do you hope to achieve? What is stopping you from having those things right now? Take your time, get specific, and no answer is too big or unrealistic. Once you've done that, then address how REI can help her achieve those things and allow her to share alternate strategies to get there that might not be REI. It's cliche but it's true: you have to start with "why"! Hope this helps, and good luck!