All Forum Posts by: Eric C.
Eric C. has started 13 posts and replied 197 times.
Post: Selling half a house to a significant other
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
Originally posted by @Elvis Vasquez:
Originally posted by @Aaron Hunt:
Originally posted by @Eric C.:
@Aaron Hunt Don't scrutinize my relationship commitment and I will not point out hypocrisy when I see it. If more than 50% of mortgages ended in foreclosure, would everyone advocate buying rather than renting? There are plenty of unhappy longtime marriages where one or both parties are miserable but because they are "married" they stick it out.
So, you came on BP to ask how to mix RE/business with your relationship, and you don't want us to scrutinize one vs. the other? Oh, the hypocrisy or is it irony?
"Selling half a house to a significant other"
Why even mention that she is your girlfriend (very specifically, of 4 years)/significant other, or whatever [insert non-committal hipster terminology which doesn't fit the mold]?
You have no legal, religious, ethical, or moral obligation to her apparently and you can both walk away anytime. Sell the house and casually walk away as if you just sliced a loaf of bread in half.
Just ask everyone here how to sell half a house to a complete stranger, because frankly it's the exact same thing (your words in a nutshell).
FYI if you're in a common law marriage state your assets might be at risk...
Or her assets might be at risk....everyone is assuming that I have the greater net worth just because I own this particular house outright.
Post: Selling half a house to a significant other
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
Originally posted by @Sandra Holt:
As a divorce attorney, I completely agree with not mixing pre- and post- marital assets. Get married first, then combine assets. It's not pessimism, it's just good advice.
I am not disagreeing, I am just trying to understand why this is considered mixing assets, rather than a transaction. Given there would be documentation as to the ownership rights of the property, no different than any other business partnership, there would not be a mixing of assets. Marriage would be combining assets, this would not. She would have her equity in the property, and I would have mine....All spelled out on paper. Sure, things could happen and we might have to sell the property to divide the assets....but in the grand scheme of things, that is no big deal.
Post: Selling half a house to a significant other
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
Originally posted by @Brian Ellis:
Eric
You should really spend some time with a lawyer. Take a break up out of the equation, and you still have life on life’s terms. There are many ways in which things could go south, for you and her.
But the lender only cares about one thing, a mortgage payment. If for whatever reason she (or you) want out (or forced out), then you have a big mess on your hands.
Absolutely, and no different than when two people, married or not, buy a house together anyway.
Post: Selling half a house to a significant other
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
@Carol C. @Jay Hinrichs @Lauren B. Thanks for your helpful inputs. Much appreciated.
Post: Selling half a house to a significant other
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
Originally posted by @Aaron Hunt:
Originally posted by @Eric C.:
Originally posted by @Aaron Hunt:
Originally posted by @Derrick E.:
@Eric C. Do whatever you want bro. Why even get on here and ask for advice if you already have your mind made up?
He's not actually going to go through with this. Takes cajones even when making a poor decision.
I travel a lot for rock climbing? Maybe we should meet up one day. I will be heading back to CO from TN this week, so if you happen to be in an area that isn't too far out of the way, let me know.
No thanks. I'm married, bro.
I assumed as much. But more so, you like to just make anonymous rude comments online without being able to back them up. Must be that lack of cajones.
Post: Selling half a house to a significant other
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
Originally posted by @Aaron Hunt:
Originally posted by @Derrick E.:
@Eric C. Do whatever you want bro. Why even get on here and ask for advice if you already have your mind made up?
He's not actually going to go through with this. Takes cajones even when making a poor decision.
I travel a lot for rock climbing? Maybe we should meet up one day. I will be heading back to CO from TN this week, so if you happen to be in an area that isn't too far out of the way, let me know.
Post: Selling half a house to a significant other
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
Originally posted by @Derrick E.:
@Eric C. Do whatever you want bro. Why even get on here and ask for advice if you already have your mind made up?
@jay was the only one that actually gave advice related to the question.
Post: Selling half a house to a significant other
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
Originally posted by @Aaron Hunt:
Originally posted by @Steve B.:
Is this the same guy from the post last week who knew everything because “he read a book”?
Can't be me. Books give me the shakes.
Yeah, what use would you have for books?
Post: Selling half a house to a significant other
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
Originally posted by @Aaron Hunt:
Originally posted by @Eric C.:
Originally posted by @Aaron Hunt:
A dating couple is more likely to "split up" and end their relationship (business and personal) than any of those you mentioned above. Not that funny.
Are you saying you are a statistical exception because you have been in a relationship of 4 years? Is that what is changing the circumstance here? If marriage does not, then why would dating?
You said it first in your title and again later, but it sounds like the question you meant to ask is how to split equity with anyone (and you did receive your answer).
So because we decide to treat our living and living expenses as if it were an equity split in a business, you feel the need to be a jerk. Nice form.
You called out a fellow forum member for being successfully married because you had unnecessarily brought up that you were in a relationship for 4 years (as if it's somehow even relevant here), and you're out here splitting up assets like you're already divorced and somehow I'm the jerk?
Lemme guess, you already asked her to marry you and she said nu-uh. Why you mad at me for that? (Okay, maybe I am the jerk now.)
I called out a fellow member for making false assumptions just as I called out you for the same thing. But this is the internet and a random forum so you can act that way without repercussions that you would not have the guts to say in real life.
Post: Selling half a house to a significant other
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
Originally posted by @Derrick E.:
This is comical. Any logical person would say you are crazy if you sell "half a house" (I agree what the actual F) to a girlfriend.
There's a reason she is still your girlfriend and not your wife. I would say absolutely do NOT let her have part of the house. If anything go buy a new one together like others have suggested. Also if you ever decide to actually commit to one another and get married then I also recommend getting a pre-nup and keep that house for yourself.
So it is ok to buy another house evenly but not this house? OK? Also it is interesting that you say if we "ever decide to actually commit to one another" and they you recommend a pre-nup, clearly showing non-commitment.
I am so enjoying that this thread has ruffled so many feathers.