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Updated over 9 years ago on . Most recent reply

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Okeoma M.
  • Brooklyn, New York
94
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Is it important to get your spouse involved??

Okeoma M.
  • Brooklyn, New York
Posted

I am just getting started and so far my husband has been supportive but generally disinterested in my long-term real estate plans. I generally manage the finances in our family so it's not that unusual for me to be taking the lead.  I hope he'll just get more excited about the idea once the cash starts flowing ;). 

How much support are you getting from your spouse/partner? I know every marriage/relationship is different, but would be interested to hear if any one has any tips or warnings they'd like to share!

Most Popular Reply

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Joe Bertolino
  • Investor
  • El Dorado Hills, CA
1,233
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Joe Bertolino
  • Investor
  • El Dorado Hills, CA
Replied

Your life is much easier if your spouse buys in. Becoming a successful REI requires some personal sacrifice that is hard if your goals are not aligned. They will resent missing a few vacations or driving their car an extra 50,000 miles because you are trying to get the down payment for that next property if they don't share your vision and priorities.

That being said,  the best way to get them to buy in is to show them... Not just talk about it.  Take action and celebrate your successes.  Even small victories.  When you refi your deposit out of that first property go to a nice dinner and give them a nice gift or a weekend away.   Once they see a little success it is easier for them to get excited.  

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