General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Divorce and Joint Ownership of Investments
Hello BP folks,
My wife and I are going to be filing for divorce. We have a duplex and a single-family home with mother-in-law apartment that we currently own together. She is living in one of the units of the duplex and I am living in the mother-in-law in the single family. The other spaces are rented out.
The issue is that these deals were largely made possible by her income. I contributed just as much money to the deal, but the taxes show her income as much higher than mine. I'm worried about how to proceed with the situation. I'm certain there are some pretty good opinions here on BP to help me know what to expect.
One more thing: the duplex was refinanced into a VA loan which is my perk, since I'm the veteran. Does this complicate things?
Is joint ownership viable in this case? Other ideas I'm not thinking about? We'd both like to keep joint ownership.
Thank you for reading and thank you for contributing. Apologies if this is in the wrong section.