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Updated over 5 years ago,

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7
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Cole Heavican
  • Council Bluffs, IA
0
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7
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New Member Hello and advice

Cole Heavican
  • Council Bluffs, IA
Posted
Hello everyone out there. I am new to this forum but fairly familiar with Bigger Pockets, I have read both investing with little to no money down and also the Brrr method, before that obviously Rich Dad, Poor Dad. I have always wanted to invest in real estate but have always made the excuse that the time just isn't right. Well in the last couple months I have really determined that now is the time and I have been doing as much research as possible, reading, watching videos, looking at listings, and securing a Heloc on my primary house that I plan to use to start out investing in single family housing using the brrr method. I am very handy person but also fairly busy with a full time job and a young family so I plan on utilizing contractors and property managers. My wife is an attorney and is very well connected with several pieces I need to complete my team but here in lies my biggest road block at this moment. She is not on board with investing in real estate. She feels it is unnecessary risk that we don't need to take and also has seen many people fail in business and go bankrupt. I've tried to explain to her this is why she is a perfect asset for me to have on my team. She is very risk adverse and will force me to do my due diligence when it comes to a deal. Her family is very good friends with someone who has done it all when it comes to real estate and has become a multimillionaire because of real estate. She has very close relationships with contractors, realtors, bankers, title companies etc. Obviously she is a huge asset to my team and without her I think it will be extremely hard to be successful. So my question is how can I help her understand what I want to do and why it makes sense in the minimum amount of time. I would love to have her read some of the books I have read or watch the videos but it isn't her passion like it is mine and her time is also very limited with her career and she understandable wants to enjoy her down time and not be consumed with more "work" in her mind. I try to tell myself that either way I am going to do it but in reality is it even possible to do this without the support of your spouse especially a spouse that has so many connections and resources? I do not feel it is appropriate to put her connections in a hard spot of deciding between helping me do something she doesn't want and being a great resource. I am sure my situation isn't unique and has been discussed before, I am new to this forum and haven't figured out fully how to navigate it so if you can point me to any other posts that would be greatly appreciated.

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