I'm considering separating, but…
- All the properties are held jointly.
- 3.XX% interest rates.
- California Prop 13 property taxes locked in.
- Liquidating would take about a 400k capital gains hit.
I spent about 8 years working nights and weekends to rehab the properties while working full time. Eventually I quit my 6 figure job when our child was born to be a stay-at-home-dad/property manager so my wife could focus on her career.
The best scenario seems for us to keep our finances combined for the foreseeable future. Ugh.
So we just can't get divorced. That how this works, right?
byu/fricks_and_stones inrealestateinvesting
Posted by fricks_and_stones
1 Comment
Damn you basically built your own financial prison with golden bars. The math is brutal but maybe look into a legal separation instead of divorce? You’d still be married on paper but living separate lives, and all those sweet rates and tax benefits stay locked in. Your lawyer might have some creative workarounds that don’t involve torching 400k