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Updated about 12 years ago on . Most recent reply

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367
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Arthur Banks
  • Real Estate Investor
  • Waukegan, IL
78
Votes |
367
Posts

Investing as a couple

Arthur Banks
  • Real Estate Investor
  • Waukegan, IL
Posted

For those of you who invest as a couple:
A) what are/were some of the challenges you face(d)?
B) Do you have separate attorneys?
C) Do you keep everything separate? (bank accounts, LLC's/Corps, etc.)
D) Anything else you may want to add?

Most Popular Reply

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618
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351
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Robert Steele
  • Investor
  • Lucas, TX
351
Votes |
618
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Robert Steele
  • Investor
  • Lucas, TX
Replied

If you are doing REI with your spouse you better make damn well sure they are 100% committed or it will likely end in tears.

From experience being married and maintaining separate bank accounts and splitting costs is a recipe for a divorce either inside or outside of REI. Is that what you were asking or did I miss the ball completely?

Getting the mortgage on rental properties in both names if you don't need to in order to qualify is a dumb move because you will limit yourselves to 10 mortgages instead of 20.

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