Quote:
Originally Posted by UFO
Some also think that multi-family owned homes are also savvy in this day and age of million dollar shacks. I dont. But i also don't think it's savvy to keep a back up home just in case of divorce. Different strokes for different folks.
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Don't look at the property as a property, think of it as an investment. As u rightly say, is it all 50/50 owned, or does he own 1 she owns the other, and the rental net income is split whilst together?
I think it's more about having assets split, but with that the only asset not being the principle residence.
There's not much worse (esp when kids are involved) for a relationship to end and then a house to be sold by force.
And ur right, different stokes for different folks, I like simplicity in my life. Breaking up is a horrid experience, then dealing wih loads of mess after is just a monster headache waiting to happen, so I plan to mitigate this all whilst not losing any potential returns on invested capital... But then again, I'm not "normal"