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All Forum Posts by: Tianyun Zhang

Tianyun Zhang has started 5 posts and replied 32 times.

Post: How do you convince your that SO buying rentals is not gambling

Tianyun ZhangPosted
  • Ypsilanti, MI
  • Posts 33
  • Votes 4

Thank you all for all your good advice!

Post: How do you convince your that SO buying rentals is not gambling

Tianyun ZhangPosted
  • Ypsilanti, MI
  • Posts 33
  • Votes 4

@Kevin Allen At least she's okay with that. 

Post: How do you convince your that SO buying rentals is not gambling

Tianyun ZhangPosted
  • Ypsilanti, MI
  • Posts 33
  • Votes 4

@Michael Noto I do not know where her negative thoughts about real estate investing came from, but I do know she had debt before. It took her a while to get out of it and a good credit score. That's probably why she does not want to get more than one mortgage. 

Other than that, she's generally not interested in starting any business because she thinks it's too much hassle. She'd prefer just a 9-5 job.

Post: How do you convince your that SO buying rentals is not gambling

Tianyun ZhangPosted
  • Ypsilanti, MI
  • Posts 33
  • Votes 4

@Kevin Allen Did she at least know you bought properties? I dont want to hide things from her. It will get me into much bigger trouble than just not making money from real estate.

Post: How do you convince your that SO buying rentals is not gambling

Tianyun ZhangPosted
  • Ypsilanti, MI
  • Posts 33
  • Votes 4

@Nathan McQueen Let me know how it goes. :) BTW did you buy any properties yet?

Post: How do you convince your that SO buying rentals is not gambling

Tianyun ZhangPosted
  • Ypsilanti, MI
  • Posts 33
  • Votes 4

@Ryan Murdock LOL I don't think that's going to work. She controls the radio all the time. :)

Post: How do you convince your that SO buying rentals is not gambling

Tianyun ZhangPosted
  • Ypsilanti, MI
  • Posts 33
  • Votes 4
Originally posted by @Antoine Martel:
Originally posted by @Tianyun Zhang:

@Antoine Martel No I don't think she has. She has no interest in these things actually. 

Well she doesn't need to know as much as you do.

But in order for her to feel comfortable you need to make her comfortable and let her know what you know what you're doing.

In order to progress you're going to need to let her let you test out what you want to do and invest in real estate. Even if it is a very small investment just so you can show her that it is a good investment. 

 Yes I will try to make her less anxious. I will definitely start small first.

Post: How do you convince your that SO buying rentals is not gambling

Tianyun ZhangPosted
  • Ypsilanti, MI
  • Posts 33
  • Votes 4

@Antoine Martel No I don't think she has. She has no interest in these things actually. 

Post: How do you convince your that SO buying rentals is not gambling

Tianyun ZhangPosted
  • Ypsilanti, MI
  • Posts 33
  • Votes 4

@Caleb Heimsoth yes I totally agree with you. I was kinda off regarding that comment. 

And I think showing her a diversified portfolio is a good way to make her less anxious. Thank you for your comments :)

Post: How do you convince your that SO buying rentals is not gambling

Tianyun ZhangPosted
  • Ypsilanti, MI
  • Posts 33
  • Votes 4
Originally posted by @Antoine Martel:

Show her that a large percentage of the richest people on planet earth either got there through investing in real estate. Or they invest in real estate now. 

Property management companies will take care of the property for you and fill vacancies. 

Your money is either sitting as equity in your home or you're sitting on it in the bank or some mutual fund getting very low interest. You need to put that cash to work to create true wealth and create cash flow.

 She has no problem with me trading stocks but thinks buying and renting out properties is dangerous. I was trying to explain the stock market is the real casino, but I don't know how to start