Did you get your family involved?

[Ryan Guffey]

Did you get your family involved with investing or rehabbing as well or do you do it on your own?

I was debating on if I should try and get my wife on board as I start investing, after I get it figured out, or at all. I was also think about what my kids could help with if they wanted too.

Do you have kids that help out? What tasks are good for certain ages?

[Aaron W.]

I absolutely would bring my spouse in! I can't tell you how much easier it is to invest, scale, and grow when your spouse is involved. They don't have to be in all the details, but let them in as much as they want to be involved. Find out what your spouse is good at and have him/her take on those tasks. Feed upon each other's strengths and you will see your investments grow.

My wife and I are a partnership in our investments. I let her in as much as she wants to be involved and provide reports on what is going on. If you are serious about real estate investment, you should treat this as a business and not a hobby. We have formal weekly meetings to discuss the progress and finances of the business, and set weekly, quarterly, and annual goals/objectives.

I don't have kids (yet); however, I will get them involved in age appropriate tasks. We plan to dedicate at least one property to each child and help them learn and understand the principles of finance, business, and responsibility by running "their" property.