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Updated over 3 years ago,
Help! Wife doesn't believe in real estate...
Where do I even start...
I got into real estate last year, and have since successfully BRRR'd two properties, both flowing cash and have gained in value significantly.
However, my wife is not a fan at all... I wanted to get some opinions here to see if anyone else has struggled with this, and how I can help her see what I see.
1. She thinks taking on mortgage debt is bad, and makes life stressful, even though everything cashflows positively.
2. She thinks one person should only buy one house in his/her life. Buying more would be unethical and hurt other people's ability to own homes.
3. She thinks that buying houses = gentrification = selfish and greedy
We recently just had a big talk, and she made me promise her that I will not buy another house this year, that I am obsessed. That didn't end well, I didn't want to promise something I don't believe in. What I see, is cheap debt that won't last forever, and occasional below-market value deals that are too good to not act if you look hard enough.
Another big motivation for me is to start building a financial safety net for the family. I hope to be able to quit my job and pursue starting my own business sometime in the near future, and without some financial backbone, that would not be possible.
Any advice would be much appreciated. I really do enjoy toying with real estate. Can't imagine how I can continue successfully though without her full support...