Hello and welcome to this site Robert! I know what it is like having a wife that doing any kind of investment causes a fear in her even though we have been married about 35 years. We were living together about 7 or 8 years before we got married. She still believes all that we were brainwashed with and thinks having all your money in the bank or a mutual fund. There a couple good traits Ethat she has used. She has been saving money at the bank and stock market about 35 years but she is afraid to touch a penny of that.
Even though I was a real estate broker for about 30 years she still does not like it. Thank the Lord in that she has been a computer programmer since about 1983. She has been brainwashed by her parents and Bank workers she believes everything they say whether it is right or wrong.
Enough of that, let me give you an answer. The more units you can purchase, the better. Without having to go to the Bank and getting Owner Financing would be a way to get a low down payment or having to get "House Hacking" insured loan and having to live there for usually about 12 months.
Showing the Owner on paper how that kind of loan how much more he could make and how spreading out their income could reduce their tax liability. To get your wife interested in real estate investment might happen well if you educate her on the things you learn. Knowledge can he;p on negative thoughts.
If you are thinking about purchasing use that place is in an area of high demand, has a growth in population and jobs, and will have easy access, close-by amenities with walking distance, and has no restrictions by the City that have been approved that may reduce your planned income. Good luck to you!
hello Robert I'm new to real estate investing, I'm looking forward to finding my first deal as a wholesaler but its really hard to find my first deal in a market like Miami. I was wondering if you could assist me with any advice on what you did to find a deal that is half as good as the one you found in your post. Please and Thank You. PS. that's a great property to invest in.
Patrick green , the only thing I did was drive around my neighborhood and look online so far. I don’t have a big secret sorry!