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Updated over 7 years ago on . Most recent reply

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8
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Braden Downs
  • Oklahoma City, OK
10
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8
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Investing In Marrige

Braden Downs
  • Oklahoma City, OK
Posted
How has marriage determined your investing strategy? For example, I wanted to use A FHA loan to buy a duplex. My wife was not fond of the idea of someone living in the same house as us. I am in LEO and work odd hours of the night. We also got our front door kicked in last year. Instead, we used FHA to purchase a primary house and will rent it out after a couple years, while saving for fix and flips. Has anyone had a similar experience? How have you incorporated your significant other into investing? Or, do you do your own thing as long as your making $$$?

Most Popular Reply

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21
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8
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Mike Nguyen
  • Prairieville, LA
8
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21
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Mike Nguyen
  • Prairieville, LA
Replied

It's definitely tough with a wife and 2 kids (also another on the way).  I'm an engineer and my wife is a stay at home mom and photographer (up and coming) so we have our hands full for the most part.  My income definitely is needed to keep us afloat but I'm getting pretty tired of my job and want more freedom other than padding the 401k until 62.  

I am still working to get my first deal (getting closer) and my wife has nothing to do with my REI. I'd like her to but she has no interest in it and just really trusts me as the main financier in our relationship. She goes where I go and she gives me that support (so long as she doesn't have to get involved...lol). It's nice but a lot of work and when I see others with their spouses being partners I do get a bit jealous but it is what it is. I agree with the guys that replied. You need to at least keep them informed and don't want to do anything your significant other does not support. Who knows...if they need more convincing than maybe it's not a great deal after all? Just keep showing them the numbers on each deal and if it's good than they should be able to see it. Good luck!

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