Educating Spouse On Real Estate Investing

[Arron Paulino]

I can see the benefits of real estate investing and want to learn how to explain this to my spouse. How do I go about making this a great tool to lead to financial independence? My spouse sees the cash flow coming in but is also worried about the risks that come with it such as having a loan for a property rather than having it all cash/paid off. How do I instill confidence rather than fear of failure in a sense? Does anyone else have this scenario when trying to reassure their partner that this is the way to go? I am all for real estate investing and preparing our future so we can be financially stable from real estate and not have to rely on our W2 income to survive.

I have been investing for four years now and have a few properties under my belt. I think at this stage it is seeing the capex items pop up and kind of wash away my cash flow is where this may come up also. Overall, I have been on the positive side and I think just seeing the breakeven is where the worry comes from.

[Joel Bongco]

Quote from @Arron Paulino:

I can see the benefits of real estate investing and want to learn how to explain this to my spouse. How do I go about making this a great tool to lead to financial independence? My spouse sees the cash flow coming in but is also worried about the risks that come with it such as having a loan for a property rather than having it all cash/paid off. How do I instill confidence rather than fear of failure in a sense? Does anyone else have this scenario when trying to reassure their partner that this is the way to go? I am all for real estate investing and preparing our future so we can be financially stable from real estate and not have to rely on our W2 income to survive.

I have been investing for four years now and have a few properties under my belt. I think at this stage it is seeing the capex items pop up and kind of wash away my cash flow is where this may come up also. Overall, I have been on the positive side and I think just seeing the breakeven is where the worry comes from.

As guys, we often say "happy wife, happy life"!  This REI business is hard and you need to embrace the ebb and flow of it like any business.  Sometimes its feast, while other times its famine.  Having your spouse's support is absolutely critical, otherwise, its a up hill battle all the way.  We've had our share of CAPEX expenses on a few of our buy and holds which definitely takes away from the Piggy Bank.  Yes, some days it an be soul sucking.... However, we also have fix and flips along with PML and wholesale deals that provide a level of cash-flow diversity.  I think teaming up with other investor couples helps as well!  Sometimes a investor wife needs to talk to another investor wife versus their investor husband -- where in some cases,  I just dig myself a bigger hole :).  In any case, I am a big advocate for investor couples -- I've seen many of them do extremely well in this REI business.  Please please let me know if you have any questions.  HTHS!  Blessings,  Joel