All Forum Posts by: John Schneble

 Thanks Sean. It's definitely hard to process both. If I think of this as an opportunity to get my foot in the door of real estate investing, it takes my mind off of the divorce.

Thank you Brandon!! I think I may. This is some seriously uncharted territory for me. I literally just started listening to these books on the BRRRR method, Rich Dad Poor Dad, listening to some of the Bigger Pockets podcasts and thought, I think this is something I can totally do. So for now I'm just going to continue listening to these books on my commute to and from work and learn. When my divorce is final, I'll step into action!

Thanks for the comments and perspectives. I want to make clear that while I have these plans to turn my house into a duplex, I won't be making any moves until my divorce is final. We have a mediator to handle this process since it's essentially an uncontested dissolution. She doesn't want my pension or anything else. Just what is fair. That being said, while I'm doing all this planning, it's giving me a sense of what my budget will need to be, who I'll have manage the rental, what it'll be like to have a rental etc. Exciting but scary at the same time. I'm also looking into talking to the city planner about all of this to see how feesable it is. I feel like it's a winner but who knows? 

I've been listening to audiobooks on my commute from Tacoma to Seattle. A huge change for me as I normally drive in with no radio or anything on. Unfortunately my wife and I are going to be getting a divorce and she has moved out. It's been two weeks. Friday will mark three weeks since she's moved out. So now I have the house and I want to convert the upper floor into a rental. I'm a Union Carpenter of 30 years so the demo and remodel of the house isn't going to be a problem. The financials are pretty straight forward. We don't have kids together and she's already taken half the savings. Fortunately the loan is in my name so she only has interest in the collateral. So if I can pay her half the equity (via a HELOC) then I feel like this could be an opportunity to have a rental while still living in the downstairs floor. I am in the pricing phase of getting quotes for a new kitchen downstairs. I wanted to join this site to learn what I need to learn to make this a positive result from a bad situation. While I process the grief of a divorce I want to stay focused and try to make this my segway into RE investing.