Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

21
Posts
1
Votes
Brandy Carrero
  • Philadelphia, PA
1
Votes |
21
Posts

Real estate partnership advice

Brandy Carrero
  • Philadelphia, PA
Posted

Hi All,

My partner and I recently purchased a home, acquisition was 130k after closing. He put about 90k into the home in renovations. It gets a little tricky because my partner is also my boyfriend. He was expecting to get his 90k back after refi. He did not, and only received 46k from "our" refi on "our" home. He believes I still owe him 45k to receive the 90k he put into the house to make it "equal". Technically, if we used a HML for acquisition and I give him the 90k back in renovations - how is that equal? He basically didn't put any money in the house if I pay him all that back. But he believes that if we would've paid 220k for the house after renovations - which is the 130k + 90k then we would square out. But at that point, I'd be paying a higher mortgage instead of him taking my proceeds from our business.

What should I do?

Whom should I talk to?

We can’t seem to get on the same page so I’ll need professional/expert advice

Thanks!

Loading replies...