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Updated almost 7 years ago on . Most recent reply

User Stats

26
Posts
29
Votes
Jarod Rotolo
  • Investor
  • Florida
29
Votes |
26
Posts

Advice on Moving on from Challenging Partnership

Jarod Rotolo
  • Investor
  • Florida
Posted
Hey forum members, I wanted to get advice on a property I have. I have a partner on my first property from some number of years ago. We were roommates in this property for the first four years. Eventually, I left and proposed that we rent it, sell it, or that I get bought out. At that time, I had 40-45k in equity as did my partner. Upon leaving, my partner refused to do any of these things and still lives there to this day, more than a decade later. I would like to get out of this property with my 45k and move on. Today the property has about 130k in equity in it... Any suggestions on how I can handle this as my partner now believes that I shouldn't get any equity as they have paid the mortgage ever since I left. From my perspective, my partner has simply rented my half from me tying up my credit and resources for over a decade. While I believe I am entitled to half the equity, I simply want the equity I had 10 years ago and I’d gladly move on. Thank you for your time and insights.

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