A true recipe for financial disaster.

Whether it’s an offer to purchase a property, to provide equity capital, or to provide financing, I merely state the price/terms I’m willing to pay.

Not because we had failed - this was a four-year resident entering their fifth year on the property when they got into financial trouble. 

While licensed contractors pay payroll taxes, workers comp and a litany of other financial burdens.perspective is everything. 

It’s important to ensure you’re comfortable with these risks and consult a financial advisor.If you choose to use a HELOC, consider traditional financing or private loans as alternatives if you prefer not to risk your home.As for your first rental, markets in the Midwest and Southeast offer great opportunities with turnkey properties that are tenant-ready and appreciating.

Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.

A financial calculator and legal pad might work in the hands of someone who knows what they are doing, but that doesn't mean it's the best way to do it.

They love the idea of wealth, financial freedom, but don't want to put their own financials on the line.

The key is understanding your risk tolerance, time commitment, and financial goals to find the right balance.

Love your wife, but help her understand and see the financial benefits of sacrificing now for the comforts and freedoms that early sacrifices will make in the long term.