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Updated over 4 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Christian Lawson
  • Real Estate Agent
  • Baton Rouge, LA
1
Votes |
6
Posts

Worst case scenario with real estate investing

Christian Lawson
  • Real Estate Agent
  • Baton Rouge, LA
Posted

I would like to get out of my 9-5 and I am currently already selling real estate on the side. My wife and I just bought our first property that we will fix up and lease to own. When I talk about buying another property, my wife is very concerned that we cannot pay 3 mortgages in the event that the homes do not rent out or sell. What would be a good explanation to help her see it from my point of view? That it will help us become financially independent and build much more wealth than a normal job. Any recommendations are greatly appreciated!

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