The real estate market is now going through a shift which hasn’t happened in a long time. This has made investing in the real estate industry much more popular and beneficial. If you are looking for a great way to make money and enjoy being your own boss, real estate investing could be for you.
However, not everyone may be on board with your decision. It is important to educate yourself before you start investing to make sure you understand the business. With any investing, there are risks that should be thought out and considered before any decisions are made.
And, just because you are excited about investing, doesn’t mean that your partner is excited about it, too. Getting your partner on board can be a challenge, but there are certain things you can try to receive their support.
Educate yourself so you can educate your partner. Go through all the materials in our Foreclosure Investing Mastery course at least once. Attend our next live training event to show your partner that you are focused and determined to succeed, and if they’re up for attending, bring them along!
Start small. There is no rush to jumping right into investing. Let your partner know your plan and what you’re working on. Think of investing as a business that you can grow, rather than starting with everything you have. Do not quit your day job until you are certain you can make a living in real estate investing. This will reassure your partner that you are serious about making investing into a career and not just a temporary gig.
Point to other successes. Show your partner that there are others who are successful in the real estate industry. Start meeting with other investors and learn about their experiences, tips, and techniques. Going to one of my events is perfect for this because they get to meet and see successful students who work in the business regularly and are just like them. When you start engaging in a lifestyle of investing, include your partner in your decisions so they can feel more comfortable with what you are doing.
Be enthusiastic. Get excited about investing and try to spread the excitement to your partner. Once you do your first deal, take your partner out to celebrate and keep the experiences positive. There may be gaps in between deals and it may take a while to grow to be successful, so celebrating the small milestones can make a huge difference. Start planning what you will do with the next check and take ideas from your partner. This way, you are including your partner in the process and the rewards aspect.
Lastly, communicate with your partner. Real Estate Investing is not a choice that should be taken lightly, and it will affect both you and your partner. Maybe everyone won’t be on board when you make the decision to start investing in real estate, but these tips can help your friends, family members, and partner understand and accept your decision.