Worcester, MA · Member since 2017 · 21 posts · 10 votes
My wife was recently on a game show and won a bit of money and has not yet received the winnings. She would like to buy a single family home to start our family and I would like to see us start investing in flipping/income properties. She is sick of hearing about my interest and passion of wanting to go all into investing. How do I convince her to purchase an asset over a liability?
Convince her to house hack and buy a lovely duplex or triplex in a nice area.She gets pride of ownership,you get an income producing property at the same time.
buy her the home of her dreams via killer fix and flip deal ? she gets to customize her home to her liking and you get to have the fun and experience of investing her money for her. then you will have high equity and cash out refi a bit for more deals down the line.
Convince her to house hack and buy a lovely duplex or triplex in a nice area.She gets pride of ownership,you get an income producing property at the same time.
Thank you for you advice!! We ended up house hacking a duplex where we grew up. It's almost done renovation and 1 side is ready to be rented for $1750.