All Forum Posts by: David Rosenhaus

Thanks Dave. That's how I'm trying to do it.

That's the plan. 👍

I think you handled it great. If you didn't know any relatives I would have just donated it all to salvation army or something like that. But I think you showed a lot of grace and compation.

Thanks for sharing. Inspiring!! 

Hi Tom, I joined SJREIA 2 days ago but when i log in it's saying I'm not a member. I really want to be there tonight for this webinar. Please advise. Thanks.

@Marcello Di Gerlando

I haven't specifically done the matrix, but I'm already doing basically the same thing and sharing those mitigating factors to put us both at ease. But maybe having it written and graphed is a more concrete way to approach it. Thanks.

@Joe Splitrock

Thanks Joe. It's a combination of both. I'm knew and learning so of course I don't have the answers to put her mind at ease, and am therefore a little sensitive. I know as a fact she's not trying to undermine me, but my own trepidation responds to her fear. And her reactions are definitely emotionally based. I need to honor her feelings without limiting my own progress.

Understanding the technical aspects is the easy part. Execution is the hard part. Kinda like getting started in RE investing, right?

Greetings fellow BPers,

Here are the pros and cons as I see it, of having a risk averse spouse:

PROS:

Every move, thought, plan, expense, phone call, email is questioned. This is good because it forces you to be sure that every step you take is moving you in the right direction, and you're not wasting time on distractions.

CONS:

Every move, thought, plan, expense, phone call, email is questioned. This is bad because it undermines your confidence, makes you feel stupid, makes you scared, and slows down your forward momentum.

Communication is obviously the key to any great relationship, but what do you do when your communication only triggers fear in your partner? They don't mean to be negative, but the "helpful" comments hurt anyway.

Anyone else have a similar experience with that?

@Andrew Brown

It seems to me that if you are making enough revenue through your day job to pay down your loans and invest, then your goal should be passive cash flow. Turnkey rentals would seem to be a good way to go here. As time goes on you buy more and more... the cash from the rentals pays off your student loans while the properties appreciate. When your loan is finally paid off you will have huge passive cash flow coming in, in addition to the equity in those properties. Seems like a pretty solid plan to me.

@Niraj Maniar

Hey Niraj, welcome! I'm in Freehold, also just starting. Would love to connect and bounce ideas.