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Updated over 2 years ago, 09/01/2022

User Stats

6
Posts
1
Votes
Ornuma Panmunee
  • Chicago, IL
1
Votes |
6
Posts

Looking for investors, lenders to buy during divorce not settle

Ornuma Panmunee
  • Chicago, IL
Posted

I'm looking for suggestions, investors, lenders, or alternative ideas.

Back story: So my husband and I are separate but not yet divorced because we can't come to any agreement on child custody. I bought two properties during the marriage; the 1st one I bought six years ago (lived there five years, rented it out for 2), and the other we purchased in October 2020. - I have no problem giving him 50/50 of these properties, but we are fighting for Child custody.

NOW: I'm a special ed teacher, and this school year, I moved to the new school, which is a 1.30 hrs drive in the morning, and nearly 2 hrs drive after work. I desperately need to move closer. My original plan was to wait until the divorce was finalized so I could buy a new place, live there for a year or 2, rent it out and repeat it. However, the divorce seems to drag on longer than I thought, and I feel bad that my son has to be in the car for 3 hrs every day.

What I need:

- I need to move, but I don't want to rent. (my credit score is 790) ** can be a condo, multi or single fam **

- But I can't buy anything at this point because it will consider marriage properties (I live in Chicago, IL)

- I'm looking for an alternative way to own this property secretly (but legally) or eventually working my way to own this new property.

- Is there a way for me to find a lender that allows me to choose a property and make rent to own deal or something like that? (I don't know .. you tell me)

- I have an LLC and am willing to open another one if needed, but I think it is complicated and risks sharing that property.

    Please help; any suggestions and ideas are appreciated.

    Signed

    A tired mom

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