Property Investing – Are you on the same page as you better half?

Tuesday, August 18th 2009

 Attending an Auction over the weekend I noticed a couple chatting…yes…I was eavesdropping. My ears pricked up when I heard

“I’m over looking at all these houses, if it’s just an investment, buy it and get it over with, I want our life back”. At this point my mouth dropped & I had to bite my tongue. The very calm gentleman responded with

“I’m doing this for our future, and you’re more interested in the next Target Sale So my assumption is Mr Calm has been doing the hard yards & she’s been tagging along when she’d prefer to be shopping.

Priorities are obviously different, financial knowledge is different & boy oh boy they aren’t on the same page.   If you and your partner are putting big $$$$$ into an investment, why wouldn’t you take an interest? This property was in the $500K price range, so we’re not talking a $59.95 pair of shoes here. Again I am assuming, so on the flip side he could have had $500K in $100 bills rolled up in a duffel bag in the boot of his car…who knows!   In our relationship, I’m the researcher & the number cruncher, my hubby appreciates the time & effort put into the due diligence process. He understands the process & can easily do it himself, the difference is I LOVE doing it, and am the one with more time to dedicate to it.    On paper we go through each possible project together, discuss all options and strategies for the property & how it fits into our investment plan…but we do something different. We view the property separately. A couple of reasons why we do this, that make sense to us that I thought I’d share. 

  1. We have different questions to ask the Agent/s.
  2. We take note of different pro’s & con’s.
  3. We envisage different improvements.
  4. We view the property at different times of the day.
  5. We’re not talking to each other & missing anything!

 I’d love to know who the investor is in your relationship is & what roles you play? Drop me a line :)   And by the way Mr Calm was out bid at the Auction, poor Mrs Get It Over With will have to endure tagging along a little longer!

95 Responses to “Property Investing – Are you on the same page as you better half?”

  • Jodie Daniel Says:

    Hey Cheyanne, touching base again… and want to thank you for your comment on my blog :)
    I hope you keep up your blog… because I was so excited when I saw you had posted!
    I must get a website of our before/after photos…. from our first house & current house. We are constantly renovating. Thus the reason I am so interested in your blog/site.
    I saw you once at a seminar in Melbourne… about a year ago? My “new cherub” is now 21 months old… really should update the photo LOL… :)

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