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Updated over 8 years ago on . Most recent reply

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Anthony Lyons
  • Fairburn, GA
2
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4
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New Member from Georgia

Anthony Lyons
  • Fairburn, GA
Posted

Hello Everyone.

My name is Anthony Lyons and I am very excited to start my journey in real estate investing. To provide a little background, I have had the opportunity to buy two houses so far. The first house I bought was financed through FHA and was a fixer upper. I sold it after 2 years of living in the house and was able to gain a profit of $20,000. I used that to buy another bigger more expensive new construction house that I am currently living in. I have lived in this house for a year now.

The path in investing that I plan to take is to rent out single family homes, but I am not 100% sure if I should try and put my current home up for rent or save up to buy another home. I have discussed this with my wife but she currently doesn't think real estate investing is a good/safe idea.

What can I do to help my wife see the benefits of real estate investing? Where should I start my journey in renting out single family homes?

Thanks in advance

Most Popular Reply

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18
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6
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Adam Kappel
  • Real Estate Broker
  • Dallas, GA
6
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18
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Adam Kappel
  • Real Estate Broker
  • Dallas, GA
Replied

Welcome to the group, Anthony! Sounds like your already off to a great start taking action and making things happen. 

Speaking from experience, it can be tough without spousal support. I'd recommend sitting down with her and laying out a plan for yourselves. See what lifestyle she wants and what you want and figure out how to mesh it all together. Include her in all decisions with your business and let her know you'd love for her to be a part of what you're building. 

Here's a great BP Podcast to listen to that might help: https://www.biggerpockets.com/videos/investing-in-...

Good luck!

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