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Updated about 3 years ago on . Most recent reply

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37
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Jeff Byrne
  • Rental Property Investor
  • Louisville, KY
61
Votes |
37
Posts

Being Discouraged by Family

Jeff Byrne
  • Rental Property Investor
  • Louisville, KY
Posted

So recently I've been incredibly excited about this new journey of REI. I've been looking at properties in the Indianapolis/Louisville markets and have found some places I'm interested in. No one in my family has any experience in REI and quite frankly have been very discouraging in their remarks about my goals. I'd love to start in a duplex/triplex/fourplex using house hacking, however when I tell family that I get looks like I'm crazy. Any hints/facts I can give family that would help them see the upside that is REI? Thanks!

Most Popular Reply

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465
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706
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Michael S.#2 Buying & Selling Real Estate Contributor
  • Huntsville, AL
706
Votes |
465
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Michael S.#2 Buying & Selling Real Estate Contributor
  • Huntsville, AL
Replied

My wife thought I was insane when my business partner and I got a contract accepted on our first investment property.  She pointed out everything that could go wrong, noted how I "didn't have time for this", and was afraid of how much money we would lose on the endeavor.  

So what did I do?  I completely ignored her and proceeded.  And with time, she has even admitted it was a wise decision.  

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