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Updated over 8 years ago, 06/21/2016
Divorce Question - Rental
Hi All!
If one were to be going through a divorce and it was amicable, what would be a smart way to maximizing the amount of money that can be gained from the home that the parties were living in?
1) would renting out the property be an option. 25 yrs left on note. Note is for $142k, with $135k left on the note
2) sell the home and just get out of it
3) owner finance the home to another party?
The end goal is to be able to get the maximum amount from the home. If it is possible, we would leverage it as our first investment property.
Appreciate any and all feedback.