Originally posted by BryanA:
i think it's awesome that your wife is as intersted in rentals as you are...did it take her awhile to come around?
Bryan, that could be an entire thread of its own!
When I met my wife, I already owned a house and had been renting out my condo for years. She had broken up with her boyfriend and his house was shortly foreclosed on, leaving her to rent a room in a co-worker's house.
By the time we were seriously involved and she moved in with me, she expressed interest in buying some investment real estate since she was making good money as a registered nurse and most of it was simply going into the bank earning 1%. At the time, 2006-07, things were still pretty expensive, so I told her we should wait.
Then the bubble burst, prices plummeted, and we had a nice little nest egg saved up for investing. I told her now is the time to snatch up real estate. So we bought a house in Murrieta, CA in 2009 and are currently very close to closing on another in Moreno Valley. I hope to buy one more in 2011.
Her emotions run the gamut from apprehension, fear, and buyer's remorse, to excitement, curiosity, and optimism. Usually, she only expresses her negative feelings to me, probably so I can comfort and assure her we're doing the right thing. However, when others (friends, co-workers, etc.) criticize her for investing in real estate, she turns into a tiger and defends our actions.
Back in 2009, our daughter's Godmother told my wife, "Why are you blowing your money on a rental house? You should spend your money at the mall and help out the economy." My wife quickly replied, "Why should I fix the economy? I didn't screw it up!" :mrgreen:
So altogether, I think she believes deep down real estate investing is the way to go, but she needs me to sway her fears aside from time to time as they surface. One day she'll tell me, "We are NOT buying any more houses after this one!" and the next day at work, she'll tell a doctor, "You should buy real estate! What's all your money earning you in the bank?"
That's my girl. :wink: