Can’t convince spouse to back me up

[Adrian Gonzalez]

Hello, everyone I’ve spent about 5-6 months listening to OG BP podcasts and BP rookie podcasts as well as most of the books that are suggested in the shows trying to soak in as much knowledge as I can. I’ve been struggling to convince my fiancé to start off with buying our first home and closing off the master bedroom from the house and rent that out to help with the mortgage since I’ve been very stressed financially as I’m the only one working and I’m supporting us and our 2 small children. I’m just trying to see what I can do to stop wasting money renting and now they are raising the rent next month.

Im sorry if I am rambling but I feel as if I am out of options and we cant seem to see eye to eye on what will work out the best for both of us. We are in Miami and as everyone knows the market is overly saturated with competition and I have suggested moving to other places whether Central Florida or Indiana where she has family but her concern is that since we are an interracial couple (I’m hispanic and she’s black and our mixed kids) that she wants to stay in a melting pot and close to family. But I can’t seem to convince her that with having someone help us pay the mortgage I could have the flexibility of taking some days off of work to spend more time with the family and not feel so tied to work.

[JD Martin]

Originally posted by @Adrian Gonzalez:

Hello, everyone I’ve spent about 5-6 months listening to OG BP podcasts and BP rookie podcasts as well as most of the books that are suggested in the shows trying to soak in as much knowledge as I can. I’ve been struggling to convince my fiancé to start off with buying our first home and closing off the master bedroom from the house and rent that out to help with the mortgage since I’ve been very stressed financially as I’m the only one working and I’m supporting us and our 2 small children. I’m just trying to see what I can do to stop wasting money renting and now they are raising the rent next month.

Im sorry if I am rambling but I feel as if I am out of options and we cant seem to see eye to eye on what will work out the best for both of us. We are in Miami and as everyone knows the market is overly saturated with competition and I have suggested moving to other places whether Central Florida or Indiana where she has family but her concern is that since we are an interracial couple (I’m hispanic and she’s black and our mixed kids) that she wants to stay in a melting pot and close to family. But I can’t seem to convince her that with having someone help us pay the mortgage I could have the flexibility of taking some days off of work to spend more time with the family and not feel so tied to work.

Thoughts:

1. Come at it in a different way. Instead of suggesting renting out a room in your house to a stranger, especially when you have small kids, suggest buying a duplex instead and renting out the other side (or the upstairs or downstairs). Look at it from her point of view - her primary concern is raising and protecting her kids, and you're asking her to have a stranger come in as a boarder.

2. Reality check: renting out a room in your house is not going to give you enough money to start taking time off from work, especially if you're looking to build wealth.

3. If the only reason you want to move is because you want to buy real estate, that's going to be a hard sell. Even in expensive areas there are some places that are cheaper that may be more conducive to buying a duplex/triplex and going that route.