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Updated almost 6 years ago on . Most recent reply

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6
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3
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Daniel Masarick
  • Mentor, oh
3
Votes |
6
Posts

feeling like a fraud

Daniel Masarick
  • Mentor, oh
Posted

I have been wanting to own rental properties for years now, but have never had any semblance of financial stability to do so. Recently I have gotten that a little more under control, and was introduced to this site. I started learning alot over the last month or so, and just for my own curiosity tried to get pre-qualified. I was approved, but my fiance was not happy. She became really stressed, and her and another mortgage broker urged me to wait and continue to save for a year before I jump into it. I figured the only way to make her feel comfortable with me doing this was to listen to them, so I agreed to continue to pay off debt and save. But now I feel like I just gave in and didn't want it bad enough or something. I do plan on doing this in a year or so, but I wanna do it now. I did a little reading and listened to some podcasts, but part of me knows I don't know enough yet. And the other part of me says figure it out. I just know I want it, but is waiting a while to learn and save ok? Or should I have just said I'm doing it anyways. I'm conflicted. Any advice?

Most Popular Reply

User Stats

452
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672
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Scott Passman
  • Rental Property Investor
  • Batavia, IL
672
Votes |
452
Posts
Scott Passman
  • Rental Property Investor
  • Batavia, IL
Replied

@Daniel Masarick  There is so much to learn. Not only is waiting for a while to let you save and learn more okay, it is the right decision.  It will give you a chance to dive deeper into different types of real estate investing, figure out what you really want in the short and long-term, and build your savings enough to allow you to take action.  Just as important, it will give you and your fiancé time to talk about it together to see if it is a shared goal.  Bottom line: regardless of how bad you want to jump in, you have to get to a place where your fiancé is on board or it will wreak havoc on your relationship. 

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