Sometimes there is tension between making money and maintaining your relationship.
For example, we had a multi-family property in the Shaw neighborhood of Washington, DC. It was a nice place and was profitable, with good capital appreciation and modest cash flow (very modest). Main trouble was that managing it was causing a great deal of wear and tear on our relationship. The building required a lot of upkeep, painting, bug extermination, tenant showing, work on the HVAC systems, landscaping, roof work, etc. It got to the point that we had a couple of fights about it and were looking at a testy conversation, followed by a lot of hard physical labor nearly every night after work and weekends.
The main point here is: decisions need to be made with the harmony of the relationship as a paramount concern.
We sold the place and haven’t regreted the decision.
-James
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DINKS (Dual Income No Kids) Finance is a blog discussing personal finance for couples. While by no means financial experts, we own a variety of assets including real estate and stocks. We've been up to our eyeballs in debt and have made tons of financial mistakes. However, we've successfully retired that debt and we both do learn from our failings. We hope that our voice in this blog can help others in achieving their goals!
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