Significant other not sharing your enthusiasm for real estate? Maybe you have dreams of buying your first property or going full-time with a real estate business, but your partner isn’t on board. You’re not alone! The truth is that investing in real estate is a huge decision, and couples aren’t always on the same page. Fortunately, there are ways to align your goals and build a profitable real estate business together.
In this episode of the Real Estate Rookie podcast, we’re chatting with Zosia Madden. Today, Zosia and her husband Tyler operate two businesses—a successful construction company and a seven-figure real estate business with twelve rental properties. Despite their recent success, the couple faced many challenges before going all-in on real estate—including the question of whether Zosia should leave the stability of her W2 job. As you might expect, they didn’t arrive at this decision overnight. It took multiple conversations—filled with vision-casting, goal-setting, and strategizing—before Zosia was able to put in her two-week notice.
If you and your significant other seem to be on two different wavelengths, you don’t want to miss this episode! Zosia, Ashley, and Tony cover some of the most important questions you’ll want to ask your partner on your journey toward financial freedom. They also discuss topics that many rookie investors struggle with—such as paying yourself, hiring fractional advisors, and the systems and processes that will help you scale your real estate business!
In This Episode We Cover
Questions all couples should ask to help align their long-term goals
The three stages of spouse involvement in real estate investing
How to transition from a stable W2 job to a full-time real estate investor
Fractional advisors and how hiring them can change the trajectory of your business
When to take a salary from your real estate business (and when to reinvest instead!)
Systems and processes you NEED to scale your business
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
The Money Date: What You Should (And Definitely Should Not) Do to Align Your Finances as a Couple
Building and Scaling a Massive Real Estate Business
Real Estate Rookie 300 with Rachel Richards
Real Estate Rookie 55 with Tyler Madden
Real Estate Rookie 173 with Tyler Madden
Books Mentioned in this Episode:
The ONE Thing by Gary Keller with Jay Papasan
Connect with The Maddens:
Zosia's BiggerPockets Profile
Zosia’s Instagram
Tyler’s Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-301
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Real Estate Rookie