Dominique here, also known as The Queen of Ohio Cashflow, The Real Estate Dingo’s better half, Engelo’s partner in life and business, AND last but not least, the woman keeping the crazy Dingo in check (as much as I can). You’re welcome. 🙂
I thought I’d pop on here today and give Engelo a break, as he has some Yellow Ladder Videos to catch up on. I wanted to share some insight as to what my experience has been thus far with someone whose passion is real estate investing and how I came to be on board with it.
How to Purchase Real Estate With No (or Low) Money!
One of the biggest struggles that many new investors have is in coming up with the money to purchase their first real estate properties. Well, BiggerPockets can help with that too. The Book on Investing in Real Estate with No (and Low) Money Down can give you the tools you need to get started in real estate, even if you don’t have tons of cash lying around.
So where better to start than from the very beginning…
It all happened a couple years ago, when I met this insane Australian. He spoke passionately of nothing but real estate, investing, finance, business, compound interest, passive income, etc. I had no idea what any of it meant at the time, as I was planning to go to school for occupational therapy, which was my Plan B. I had no idea what my Plan A was yet.
After a few months of spending quite a lot of time together and learning his story of how he had left his home to come here and start up a real estate investment company in the US — somewhere along the way, my interest in what he was doing was definitely piqued.
I mean, how can you ignore the purpose that drove someone halfway across the world to achieve it?
Engelo’s passion towards real estate was absolutely contagious. The more time I spent with him, the more I learned and began to trust his “vision,” and the more I wanted to be a part of it. From that point on, without a doubt, I had found my Plan A.
And together we sat down (elbow-to-elbow in a tiny 10 x 10 office) and created Ohio Cashflow.
It wasn’t a “normal” life for two individuals in their 20s. It consisted of long, stressful hours, a frugal lifestyle to say the least, and yeah… you can forget about dates. 😉
But in the time I came on board with Engelo and real estate investing, I learned to trust in him and what became “our vision.” Even though we were nowhere and had nothing, we had everything. We were kings at heart. Why? Because we trusted ourselves and each other and through that, we forged a partnership that was ultimately unstoppable. I believed in him and he in me. There was no doubt or fear in either one of us because we knew our purpose, we knew where we were heading, and we had a clear path on how to get there.
Not many 20-year-olds can say that. 🙂
Did I ever look back and wish I had finished school and had that solid, “secure” income? Not a chance. Why would I? I am working beside the love of my life, and we are creating something HUGE. Every day I realize that the effort and innovation that I apply grows OUR company. How cool is that?!
For those who have a spouse who is looking at becoming a real estate investor, my advice would be this:
1. Support and Trust Them
You have to trust that your spouse has your best interest at heart and is only looking to give you and the family a better life.
2. Learn and Grow Together
You are already partners in life. Partner up on investing as well. Learn and grow together. Two people brainstorming will get you much farther than just one.
3. Make Sure Your Goals and Visions Align
Discuss where you both want to be and what you’re going to do to get there. Write it down on a piece of paper (or on the kitchen wall with a big marker like we did) so that you have a daily reminder of what you as a team are working towards and so that you remain on the same page.
Always remember this:
“Fear is your worst enemy, while risk is your best friend.”
So who better to risk it all with than your very own partner in crime?
Do you invest in real estate with your significant other?
Let us know your story in the comments section below!