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Author: culcha Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 4898  
Subject: Re: The marital challenges of buying 1st rental Date: 3/12/2013 6:14 PM
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Everyone I know that has rental properties, one spouse is more interested and the other...wasn't.

Do I just push ahead without him? (He has said we can do this, I just hate to *make* him). Try to educate him? He is the type that initially drags his feet on anything new, and then 99% of the time, embraces it happily once it's no longer new.

How did your spouse feel? Any thoughts?


I'm the spouse who isn't into rentals at all. I just do the taxes. I don't meet with prospective tenants or fix stuff on the property, I don't even look at the houses she wants to buy. I just do the taxes. We have 10 properties now. I've seen some of them, but not all of them.

In our case she was the one who wanted to do it; the kids were grown, and why not? I didn't drag my feet; I just let her do it. (What am I going to do -- forbid her?)

Now I invest in stocks. But she never does. She buys and rents houses. I have nothing to do with it.

In your case, I'm not clear why you can't just go ahead and do it. As you say, you've studied the stuff, you know what you're doing. Why does he even have to be involved? Not sure I get it. Let him save and invest money in the way(s) that he is comfortable. You can save and invest money in the way(s) that you are comfortable.

You could encourage him to invest in the way(s) that he is comfortable. But I don't see why he has to get involved with the real estate if he's really not interested.

culcha
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