Updated about 5 years ago on . Most recent reply
Flipping a House During a Divorce
Hi everyone. I have a question I'm having a difficult time finding a clear answer to. My partner and I are new to real estate investing and are trying to do our first fix and flip. We have figured out funding, but we overlooked a pretty major detail. He is in the middle of a divorce in California that will be finalized in July. Will this affect being able to purchase and flip a property? If it makes any difference, we will be using a line of credit and hard money loan, so we won't be involved with a traditional mortgage. We were talking about it just now and think there will probably be an issue when it comes time to take the title. Any advice? Thank you.