how our choices effect others

Question

Does anyone here have a significant other who simply did not want to be a landlord? How did you overcome that? Mine is nervous and while her fears aren't completly unwarranted, I simply am not stressed out by the things that bother her.

Cedric Canierro · Answer

that's the hard part, if your significant other don't want a specific idea or thing, good thing you were able to convince your partners

C. Burris · Answer

Does she need to be involved with the business?  Another thing explain to here that no money was ever made without some sort of risk.  Return is based on risk.  Good luck convincing her this is a good deal.  If it is going to turn into a topic that causes resentment I would just pass it up. There are other ways to make additional income.

Dustin T · Answer

She doesn't want to ever do real estate to be honest with you. She's nervous about all of it, but at the same time uninterested in learning more because, she's happy with where we are ;) hard to argue with that mentality... 
            
            I have located a structurally solid duplex for $69,000 (asking price) in an area where rents for these individual units would go for $575.  So a single unit rented could possibly show postitive flow, but a fully rented duplex would definilty be positive. 
            
            The nice part is I could easily float the mortgage with just extra money that I am socking away now so even if I was tenantless I'd be just fine. 
            
            I can't imagine how I'd ever find a better deal, this one sounds pretty good to me.

Timothy W. · Answer

Does she trust you?

Account Closed · Answer

Well, I would be looking for ways to show her I understand her concerns and have demonstrable ways to deal with them.
            
            You definitely should not just dismiss her concerns for a number of reasons. One it totally screws up the relationship and bond of trust you should share.
            
            But, most importantly, she might be right and you might be overlooking something.
            
            Just my $.02, feel free to keep the change.