Discouraged from starting by family with experience...need some encouragement

[Cody Warhurst]

Hi everyone, 

first time poster and pretty damn new to the forum. My wife and I are just starting our rei journey and have been researching and preparing for owning multifamily re.

My parents were in the business from the late 70's to the early 00s. They lived off the income from their 16 or so student rentals and a handful of townhomes and then sold out in the early naughts for a chunk of change and retired on that.

ive been keeping my conversation with them relatively light and tentative because they've been rather discouraging about all my endeavors in life. So naturally when I started to become more serious about REI, they had nothing but reservations and discouragement to offer despite building a good life for themselves through multifamily re investing.

"now is a bad time to invest" "you should look into self storage" and their obviously bad advice "you should consider office space".

I try to justify our decision to them by relating the message of not timing the market, building rates into our plan, doing thorough due diligence, etc. and its met with this look like I'm an idiot

I'm 37, my wife is 38. She's a pharmacist, I was in biopharma business development and then most recently, pivoted to being a financial advisor hunting that "passive income" dream (that's another story--tldr is I was successful but resigned in Sept of this year). We aren't idiots. We can do math. We can sell ourselves to whoever we need to. We have a good network. Were making in-roads. We aren't swinging blind.

but I could use some encouragement, biggerpockets.

edit: I shouldn't have said "tried to justify", I should have said "justified". Because I believe in our plan, I believe in our abilities, I believe in real estate investing, and I believe in us.