Anonymous wrote:Anonymous wrote:Anonymous wrote:Spouse entered a thirty year mortgage with a friend for a “buy and hold flip” condo.
Oh dear god, without telling you???
Told me after he signed the purchase agreement (this is early 2000s and I was on an international business trip). After six months they sold it when they realized they could not rent it out and it was not appreciating like they anticipated. I handle all the finances so it reared its ugly head again during tax time and I had to figure out how to handle the purchase (short term hold). It was a nightmare.
Anonymous wrote:Anonymous wrote:Spouse entered a thirty year mortgage with a friend for a “buy and hold flip” condo.
Oh dear god, without telling you???
Anonymous wrote:Spouse entered a thirty year mortgage with a friend for a “buy and hold flip” condo.
Anonymous wrote:Placed two short positions that started at 250k each and ballooned to -600k and -800k each. One was closed against the box, the other I made him move against individual assets and sign a legal agreement of responsibility (short is still open).
Marriage is a landmine of exposure with the wrong person.
Anonymous wrote:Placed two short positions that started at 250k each and ballooned to -600k and -800k each. One was closed against the box, the other I made him move against individual assets and sign a legal agreement of responsibility (short is still open).
Marriage is a landmine of exposure with the wrong person.