Going it alone, Property Investing. Why you Shouldn’t wait for that Special Someone!

The banks and lenders love the couples retreat vibe. It helps manage their risk. They also lend you a lot more than you probably need. It’s a systematic process, not requiring someone to overthink it. A model that was created in the dark ages.

However, life has changed. The married with two kids model doesn’t work for everyone. And if it does, it’s not necessarily sustainable in protecting all parties in the long term, particularly if separation comes into play.

Why you don’t have to wait?

• Proof is in the pudding. There are many single investors out there building good sized property portfolios on their own.
• You have the equity, the earning income and/or potential.
• You have a set-up already where expenses can be mindfully managed, e.g. maybe you live with family members.
• You can tap into experts to help you with the purchase. Help is at hand, everywhere you look, without the emotional connection.
• The difference between a property investor and someone that isn’t a property investor, is the ability to take action – not whether you are in a relationship or marriage.

Why you wouldn’t wait?

• Your decision is wholeheartedly yours, without the constraints of your partners influence or beliefs. An action that conveys to you, that you are taking control of your life.
• The process is empowering and it will have a flow-on effect to future life decisions. You demonstrate your capability of long term decision making and the ability to take action.
• You are building your financial security.
• You open the door for many more options being available to you both in the short and long term. Whether to work, start your own business, be a stay-at-home mum or dad.
• Your future partner may be more career focused than investment focus and not have the same level of commitment.

The advice I give to my clients is to create a plan based on your situation as it currently stands. Don’t bank all your energy on a future, that may come later than you think, not come at all, or come and not be what you want.

Taking complete ownership of your finances, puts the control of your life in your hands, and reduces/removes the dependency on someone else. It’s hard enough to work out who we are, let alone find ourselves factoring in a future potential partner.

Going it alone, your future self, will thank you for it.

Buy the car of Buy the house?