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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

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201
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.  

Post: Selling half a house to a significant other

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201
Originally posted by @Steve B.:

Is this the same guy from the post last week who knew everything because “he read a book”?

 Definitely not the OP, but possibly one of the  people commenting.

Post: Selling half a house to a significant other

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201
Originally posted by @Jay Hinrichs:

@Eric C.   geez I answered this question .... what I laid out is absolutely the ONLY route to legally do this.. next question.. ???

My question was more if we were TIC, would we both be on the loan (I don't care either way honestly) or just her, and would I have a taxable event for selling the equity? But what you had laid out is pretty much what I envisioned.

Thanks for your insight.

Post: Selling half a house to a significant other

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201

 You are clueless in that a marriage would not change the circumstances.  I am not offended in any by random comments on the internet by people that don't understand the situation.  But thanks for checking in.  Please check out if you have nothing else to add.

Post: Selling half a house to a significant other

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201
Originally posted by @Thomas S.:

@Eric C.

Statistically you have about a 50% chance of losing. You are regrettably doing way so many starry eyed lovers do in mixing emotions with money. I have seen this too many times and it all too often turns out very, very bad.

Never mix pre marriage assets with post marriage assets. Tell your girl friend to invest in her own income property and then you will each have one of your own after a divorce.

 Hence the reason for doing it above board in a true equity split.  She doesn't want to live in my house for free so she offered to buy half the equity and have everything documented.    I find it funny that people are willing to do equity splits with strangers, business partners or family but not in a relationship.  I thought BP responses would be more helpful, but alas, it is just an internet forum.  

Post: Selling half a house to a significant other

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201
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).

 This is some hilarious stuff here.  You need to work on reading comprehension.  

Post: Fined for bandit signs?

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201

Are you posting the signs on your own property or littering someone else's?  

Post: Selling half a house to a significant other

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201

@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.  

Post: Should I rent to a registered sdx offender?

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201

@Michaela G.  I had a lady that worked for me about a decade ago whose husband was on the sex offender registry because her parents pressed charges when he was 18 and she was 15.  Several years later, they got married and have been for years.  

Post: Selling half a house to a significant other

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201

@Charlie MacPherson  Marriage does increase someone's likelihood of staying with someone that they resent and grow to despise with time, but feel obligated to stay with. I personally would rather have someone stay with me out of choice, not obligation. Apparently you would rather the opposite. It is quite possible your wife has wanted out for 38 yrs but due to moral or religious obligation, she stays with you. Or I could be wrong, but only your wife will EVER know.

On the topic at hand, I have no problem having something written up showing we each are 50% owners of the property, and if in the future we feel we would be happier not together, sell and divide. My question, of which you, Charlie, have been no help, is how to do that asset split now. How to sell her half the equity.