Arguing for Rentals vs Flips

[Anthony Parr]

My wife and I started a few companies.  The company that she leads is for flips, and the company that I lead is for rentals.  We look at properties as a team and evaluate their potential through those two lenses.  However, she does not see the value of rentals, especially since as of yet we do not have a PM, and worries that when we do have a PM it will have rentals that just pay for PM and office stuff.  She sees my company as a 9-5, or more, that is comparable to what I just left, stress included.  At two rentals we are not ready for a PM, but my plan is to pick up a new house every three months, rehab, and rent.  In this way, justifying a PM.  I get the value of the rentals, I have read the books and listened to all the BP shows, however, arguing for them, I come up short.  Any tips?  Thanks.

[Bruce Woodruff]

Both have their place. Use flipping to get cash. Use that cash to buy and hold rentals and really build wealth. Your wife has got to understand that....have her read this thread over and over until she gets it....