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Updated almost 10 years ago on . Most recent reply

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Peter Smith
  • Homeowner
  • New York City, NY
10
Votes |
20
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What to do if your wife is not 100% on board?

Peter Smith
  • Homeowner
  • New York City, NY
Posted

Hey guys. My wife and I have been married for 1 year. My wife is someone who takes convincing to take on risks and I understand her concern since my tendency is to pursue things feet first and go after it. She is okay with us buying a rental home sometime in a couple months. My problem is that I am planning out my process and goals to start accumulating a few homes per year. I think she wants to do only one or two rental homes over the next decade and I want to really pursue this. Any recommendations or advice. At the end of the day I will not allow my self to do something without my wife on board, but I would really like her on board for this.

Most Popular Reply

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5,659
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Elizabeth Colegrove
  • Hanford, CA
1,832
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5,659
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Elizabeth Colegrove
  • Hanford, CA
Replied

@Peter Smith 

My husband was beyond not on board with the idea when we got married. His family had less than positive experience owning houses. 5 years of marriage 3 years after buying our first house we own 5 houses :) with another 3 offers out. Our combined goal is 10 houses in 18 months and we are on tract. So you can see who won lol

In all seriousness marriage isn't about winning it is about supporting each other, at least my marriage. Therefore my husband and I agree to the "baby step" plans. We would take one step at a time. As long as we were successful I could keep going. The agreement was that this was my "baby" as he is active duty and didn't have the time. 

3 years later, I don't know who's more excited me or him with out results. The more successful we have gotten the more willing he is to "assist". He no longer play angry birds when we look at houses, but I also have lower expectation. On the other hand he goes out of his way to make sure his documents are signed even if it puts him out. Checks, balance and honestly success has been the key to change his mind.

Our goal is early retirement through cash-flow. While my husband loves flying F-18 (who wouldn't), he is starting to get that this our exit plan. That if we are successful he won't have do anything he doesn't love when this is no longer fun.

My peace of advise, is baby steps. Take it one deal at a time. Figure out what she is worried about, create long term goals and solve the worries. My husband was worried about financial liability (baby-steps and success cured that), and his time requirement (I have proven that I can take care of it).

Good Luck! If I can help let me know.

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