Updated over 5 years ago on . Most recent reply
Worst case scenario with real estate investing
I would like to get out of my 9-5 and I am currently already selling real estate on the side. My wife and I just bought our first property that we will fix up and lease to own. When I talk about buying another property, my wife is very concerned that we cannot pay 3 mortgages in the event that the homes do not rent out or sell. What would be a good explanation to help her see it from my point of view? That it will help us become financially independent and build much more wealth than a normal job. Any recommendations are greatly appreciated!