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Updated about 8 years ago,
Wife is on board. Well, sort of...
So my wife is on board with using rental properties as a way for us to achieve financial freedom, and a year ago we bought our first duplex. But I'm having some trouble getting her to understand some of the expenses involved. Specifically, I want to bring on a CPA and start doing some proactive tax planning as we are planning on buying our second property this year and our business is expanding. The problem is, as soon as she hears the cost, her brain shuts off and she just immediately rejects the idea.
At first I thought maybe asking her to listen to one of the BP podcasts on tax planning, or read the book on tax planning. But now I'm thinking maybe if I just had her read rich dad poor dad that would be most helpful. I know that book really helps shift people's mindset.
So, short story long, does anyone have advice on how to go about showing her why we need to be taking on some of these expenses? She is pretty hands off and doesn't really seem to be all that interested in learning about real estate so it's not ideal to have to go to her when I have business decisions. Since we are fairly new and still use our personal funds though it's kind of tough. Maybe in the future I can calculate the yearly cpa fee into my properties so it's coming from the business account instead?