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Updated over 5 years ago,
Investing With a Partner While Investing With a Spouse
Hello BP Community! This is actually my first post and would like to take the opportunity to introduce myself before diving into my question. I'm a 25 year old software engineer and new real estate investor who's already taken the plunge and done their first deal: I recently closed on my first flip with my partner where we renovated and sold a 2-family in Brooklyn. The deal was very successful and inspired me to continue to take things to the next level. While I was in the process of purchasing this property I discovered BiggerPockets and immediately got hooked on the podcast and the forums.
This brings me to the question I'd like to pose to the PB community. I will be getting married soon and plan to invest with my future spouse. I am fortunate that she is just as passionate about investing as I am and we've begun conducting a long term investment strategy that will begin post marriage. We both are dedicated to building wealth and firmly believe that relying on a job for long term financial security is setting yourself for failure. We also plan to move to Austin, TX at some point after marriage.
My main concern is whether or not I would be able to allocate resources (time and money) to investing with both my wife and original partner separately. Would it be wise to try to do both or should I walk away from my partner sooner rather than later in order to focus on building wealth with my future family? Due to the deferring goals of my business partner and future wife, it wouldn't be wise for all 3 of us to go into deals together. For those investors who are married and/or have some type of experience with this situation, what do you think would be the best course of action?
Any advice and wisdom would be much appreciated!