If you’re ready to invest but your spouse isn’t quite sure, what is the best way to make your case? That’s the first question I’m answering on this Q&A edition of Investing in Real Estate!
Today I’m answering three of your great questions about convincing your partner to invest in real estate, ideas for investing $80k, and how to scale your portfolio after hitting the 10-mortgage limit. Click play to hear my answers to your questions!
On this episode you’ll learn:
- How to get your spouse on board with investing.
- How to invest $80k.
- What financing options to pursue after hitting the 10-mortgage limit.
How to Get Your Spouse on Board with Investing
If you have a partner who is hesitant about investing, there are two main things to consider. First, historically real estate has proven the test of time for thousands of years! Both real estate and precious metals have remained a solid store of value throughout wars, economic cycles, government collapses, and currency declines. Personally, I don’t believe there’s a better way to protect your wealth.
The other thing you should consider is that if you’re buying real estate correctly, you are working with a bank that is doing its own appraisal and verifying the merit of the investment. This can be comforting because at the end of the day, you’re only putting down the down payment, and the tenant is paying down the mortgage every month.
How to Invest $80k
I can’t give you financial advice, but if I had $80k, I would likely be looking to put two down payments on rental properties. Another option to consider is short-term real estate notes through Connect Invest, where you can earn 7.5-9% on as little as $500.
What Financing Options to Pursue After Hitting the 10-Mortgage Limit
There are a few creative options available to investors who have reached the 10-mortgage limit, including hard money loans and portfolio loans. My personal favorite, though, is non-recourse loans. A non-recourse loan is a business loan that is based on the merit of the asset. You can see my full video on non-recourse loans here.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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