Real Estate & Friendships Sometimes Don't Mix Well

[David Paul]

Hey everyone, 

Two friends (probably former now) bought a house together. Let's call them Jacob and Michael. Yes. Real Situation, no not real names.

Things happen, friendship is over for whatever reason.

They were doing a house hack while renting out the other rooms to tenants.  The deed is in Jacob and Michael's name. 

Jacob moves away and wants noting to do with Michael or the house. Jacob is looking for a way to solve this where he doesn't take a major financial hit, but also where this doesn't end in (let's just be honest) tons of court fees and fighting.

Michael wants scorched earth and a 40% pay out which is a no go for Jacob.   Jacob calls me, and of course, I reach out to you geniuses.  Even though I don't think there's a way to get out of this without taking some sort of loss.