Submitted an offer for a house with my GF

[herm0016]

Just "screwing your tenant" approach. :thumbsup: :thumbsup: :thumbsup:

and if she is short on rent I can "negotiate" other services.









/joke....

 

[Corporate Thug]

Hopefully one of you has the income to completely make the payments without need the other.

If the relationship fails; both could end up on the street and having a quick sale.

I don't agree with OP's approach but I'm sure he can find a roommate before he becomes homeless.

 

[rudder]

Cuz she'll get half.

Common law wives are entitled to quite a bit... depending on the state where he lives. And depending on the state just living with someone makes them a common law wife.

I wold be more afraid of splitting a house then have the GF ditch out on the mortgage after she starts banging dude down the street.

 

[Sluggo]

lol people assume everyone gets married. Not a tradition everyone needs to follow.

Gay men are clamoring to get married, straight men are clamoring to be single.

 

[alkemyst]

Cuz she'll get half.

not true at all.

 

[alkemyst]

Common law wives are entitled to quite a bit... depending on the state where he lives. And depending on the state just living with someone makes them a common law wife.

I wold be more afraid of splitting a house then have the GF ditch out on the mortgage after she starts banging dude down the street.

not true unless there was a lot of time involved in the relationship.

 

[Dari]

So if they each put in 50% and they get married but the relationship does not work out does that mean she leaves with 3/4th of the value of the house?

 

[maddogchen]

don't fall too much in love with the house is my advice. I got outbid a lot of times...

 

[OverVolt]

So if they each put in 50% and they get married but the relationship does not work out does that mean she leaves with 3/4th of the value of the house?

She probably gets the same standard of living so the OP lives in a box.

 

[alkemyst]

Short term marriages usually don't give any party more than a 50% division of assets/liabilities and no alimony. Even then it's rare for anything outside the marital residence and simple bank accounts to be divided leaving retirement/stocks safe.

Depends greatly on where one is filing for divorce though.

 

[z1ggy]

I did this with my ex g/f. She however, invested nothing. So when she moved out, i kept everything... Well ok she stole my cats and some money, but otherwise everything. Bitch..

 

[Vdubchaos]

buying house with gf. does not compute.

BUT.. good luck!

This

HUGE HUGE MISTAKE

Don't do it!!!

 

[Genx87]

Common law wives are entitled to quite a bit... depending on the state where he lives. And depending on the state just living with someone makes them a common law wife.

I wold be more afraid of splitting a house then have the GF ditch out on the mortgage after she starts banging dude down the street.

There only I believe 6 states that recognize common law marriage. And I believe most require at least 6-8 years of living together.

 

[Tweak155]

I do believe we have found a professional troll.

 

[RagingBITCH]

Yikes, round here you under bid and the seller counters, back and forth, until you reach a common ground beneath asking price. I can't imagine having to up bid enough to win the bid to buy a place. That's a completely different concept.

Depends on the market. That's commonplace given a normal market. Through Q4 2012 and all of 2013, the Dallas area has been en fuego. Multiple offers on any decent house, all for at least list. We lost out on two houses, including one where we bid $10K over list and still lost. Our current house - we were under contract at $7K over list, opted out due to the inspection (and them refusing to fix something), and then they came back when they came to their senses. We ended up only paying list and got credit towards closing, which worked out in our favor in the end. For my old house that I was selling, I had 13 offers in the first two days, with another 7 offers after the first buyer opted out during his option period.

 

[alkemyst]

This

HUGE HUGE MISTAKE

Don't do it!!!

As long as both are equally vested this is no different than any other joint property transaction.

The crux of it though is one must realize their partner may not be able to buy them out nor the house sell even break even should the relationship sour and one or both are using that home as their residence.

 

[Vdubchaos]

As long as both are equally vested this is no different than any other joint property transaction.

The crux of it though is one must realize their partner may not be able to buy them out nor the house sell even break even should the relationship sour and one or both are using that home as their residence.

Tell that to my neighbor. He did exact same thing and now his ex is living at the house which he would like to sell/get rid of and move on with his life.

She refuses to do so....while ignoring to pay any bills/taxes or ANYTHING.

Not only is he screwed with the property, now she is ruining his credit all together and debt is mounting.

There is NOTHING legally he can do.....stuck

 

[alkemyst]

Tell that to my neighbor. He did exact same thing and now his ex is living at the house which he would like to sell/get rid of and move on with his life.

She refuses to do so....while ignoring to pay any bills/taxes or ANYTHING.

Not only is he screwed with the property, now she is ruining his credit all together and debt is mounting.

There is NOTHING legally he can do.....stuck

An attorney would be able to handle this. However; this is also typical with any joint property venture. Legally both are 100% responsible for any and all bills.

This is why I just buy my own property and don't put others on the note.

 

[Blackjack200]

Just "screwing your tenant" approach. :thumbsup: :thumbsup: :thumbsup:

Me and my gf both have houses, but hers is much nicer than mine. I figure if we ever get to the point where we want to live together but not mix finances I would rent out my own house and pay her 1/2 market rent monthly to live in hers.

Of course, I could always try to claim that I'm paying her in "services".

Don't know if that will fly.

 

[Vdubchaos]

An attorney would be able to handle this. However; this is also typical with any joint property venture. Legally both are 100% responsible for any and all bills.

This is why I just buy my own property and don't put others on the note.

He is on his 3rd attorney, thousands down, nothing is happening/stuck.

It's WORSE than being married to someone and going thru divorce!!!

 

[alkemyst]

He is on his 3rd attorney, thousands down, nothing is happening/stuck.

It's WORSE than being married to someone and going thru divorce!!!

There is more to that story then...esp why he is needing three attorneys. More than likely he didn't protect himself with a proper contract on such a joint investment.

If one is buying large investments, joint; it pays to have an attorney write everything up prior to the purchase.

Also not all joint accounts are equal...there is a very big difference in doing it as an "AND" versus an "OR".

 

[Broheim]

If they're buying it together, she'll get half anyway.

I don't see buying a house with someone who you're not married to as being very different from buying a house with someone who you are married to. Either way it's difficult for one partner to back out of the arrangement afterwards.

my dad is a lawyer who's specialized mostly in real estate. Buying a house together can definitely get messy and you'll want to update your wills etc. and make sure you're both rock solid legally in the event of a death or breakup. I don't the law in your neck of the woods so you really should talk to a good real estate lawyer (around here they'll give you not only legal advice and take care of the deed but also give educated advice related to everything else that comes with buying a house).

on another note, I thought this was a tommy2000gt thread based on the title.

 

[Blackjack200]

on another note, I thought this was a tommy2000gt thread based on the title.

If it was a T2GT thread the title would have been 'my gf is buying a house but she's making me pay for it.'

 

[EagleKeeper]

As long as both are equally vested this is no different than any other joint property transaction.

The crux of it though is one must realize their partner may not be able to buy them out nor the house sell even break even should the relationship sour and one or both are using that home as their residence.

My daughter has a neighbor that this happened to. Bought a HUD house, planning on marriage.

Now after refurbishing house, relationship soured to where now just friends. House has become an investment where both live.

 

[onza]

thread is full of fail. lol