Jessilyn and Brian Persson discuss the benefits of getting educated alongside your partner for real estate investing success. Collaborative learning provides the foundation upon which an investing portfolio is built. There is a lot to consider, from how each partner views money and the mindset they grew up with, to what type of real estate investing each partner is prepared for and can support with initial capital. Jessilyn and Brian dive into the details of what to learn before making the leap.
Their advice on collaborative learning falls into three key takeaways from the episode:
They ask the hard questions about how each partner views money and wealth, how far into the future the wealth is expected to manifest, how hands-on each partner wants to be, and which investing options a relationship can withstand in terms of work and initial capital output. Jessilyn and Brian talk about the many ways a couple can learn together, some without even setting foot outside the house, and why they’re important. They guide listeners to consider various real estate strategies such as fix and flip, hold and rent, renovate and refinance, turnkey, wholesaling, Airbnb, and more. Jessilyn and Brian share their lived experience and knowledge to help you and your partner lay the foundation for real estate investing success.
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Contact Jessilyn and Brian Persson | Discover Life By Design:
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Transcript
Jessilyn Persson: [00:00:09] Welcome to the Life by Design podcast with your hosts Jessilyn and Brian Persson. We support couples in achieving their wealth goals by sharing our journey of overcoming barriers to build our financial empire.
Brian Persson: [00:00:20] With our extensive personal experience and increasing demand from couples seeking alignment to invest confidently in real estate, we created the Riches, Relationships, and Real Estate program to help you achieve your goals.
Jessilyn Persson: [00:00:33] Today's topic is about collaborative learning and how it lays the foundation for success. So we're going to delve into getting educated in real estate together, which will help align your objectives and strategies. We all grew up with some form of understanding in the finance or lack thereof, and what that means. And when you get together with your partner, you may have come from very different backgrounds and have very different understandings. But when you're going to choose to build your wealth and your portfolio together, you want to make sure you have the same understanding, strategies, objectives. I mean, if you look at our history, I grew up on a farm, I know we speak of this before, and it was kind of simple. You buy a house, you have your mortgage and you pay it off, and then you work hard to pay your bills and then you just kind of live. And that's how I grew up.
Brian Persson: [00:01:25] Yeah. And farmers as, most people know, aren't exactly the most money savvy of people. I have farmers in my family too. And listening to their financial conversations about how to keep the farm afloat is something. Yeah, but I grew up with an accountant for a father and a banker for a mum. So
