Completely starting over (divorce)

[Scott K.]

Well damn.  Its been a week since I was told the great news that she is moving on.  Didn't see it coming.

So here is where I stand.  we own 3 total properties 2 are free and clear and the one that we still owe on (103k) is where we let my nephew live with his son.

So she will stay in the property that we live in now.  I am getting the Roseville property that is rented out for 800.  She wants to refinance the 103k property to get the payment lowered.  So she would take ownership of that property.  Not sure how I feel about that since it is the house of my parents and I grew up there.

So best case is I have a free and clear property in Roseville Michigan just about 6 miles north of Detroit that the value should be about 70k.  Should also have about 30k cash in the bank.  And a paid off car.  My biggest problem s I don't have a real job for getting future financing will take a while.  I don't plan on stopping with rentals just trying to figure out how to recover from this.  This was not in the plan of the way I had it planned out.

Its been a week since the news and I am trying to figure out to keep the Roseville property rented out for 800.  Maybe I could pick up a cheap property and fix it up as I live there.  Is it possible to get a loan on the Roseville property of 70% and use that to get into another property?

I have not slept very well lately and I just need to make good sound decisions.  So if anyone that has been through this could suggest a few things would be great.

wow thats the first time I have put those words so I could read them.  Life will go on