How to explain taking out equity

[Joseph McKinney]

I am trying to find a way to explain taking equity out of a house to my wife. My wife owns the house that we rent out and that I am trying to pull out against. She put a lot of money and hard work into it and that is why it is almost paid off. Now that it is a good cash flow property, she feels that it is her money that we are pulling out and she is scared. Now that I am trying to find ways to help our family with investing, she supports me, but I need a way to use the cash cow we have.

I have not been able to find an article or explanation to get her to understand refinancing, maybe I don't understand it, to explain it to her. Any help would be appreciated.

Joseph

[Travis Sperr]

@Joseph McKinney Rather than focusing on why others say it makes sense, instead try coming up with 2 or 3 potential deals and show her exactly how the deal would work. Take x dollars out of property a, invest in property b - here is profit, cash flow, risk, reward, plan to grow to multiple properties increase cash flow etc. I would imagine this investment is dear to her heart and the idea of just pulling cash out without a clear plan is uncomfortable.