my husband and I are seperated but trying to work things out. He informed my his parents were making an offer on a house for us. I told him I was not comfortable with that type of arrangement..due to the fact that he had absolutely no details on the interest rate, how much we would pay per month to his mom and dad and the plan was to "flip it" and we will make some money???? My husband did not know what percent of the profit we will receive and what percent of the profit his mom and dad are to receive? First of all i am not to happy about entering this arrangement and be controled on all remodeling decisions. Also...he wants 15000 from me towards some of the remodeling. He says I am missing out on a wonderful investment opportunity and I am making a big mistake. Am I?
2007-02-03 16:40:52 · 6 answers · asked by lucy 1 in Business & Finance ➔ Renting & Real Estate
Never, ever do anything verbally, no matter who with!
Get it all in writing. Period.
Contact your attorney for advice and help if you need to.
Additionally, since y ou are separated, I would wait until you know if you are going back together to enter into any deal on a house together ... just common sense, don't get the cart before the horse ... I hope things work out, but obviously there are problems.
Good luck.
2007-02-03 16:45:35 · answer #1 · answered by Pichi 7 · 1⤊ 0⤋
NO YOU ARE NOT making a 'big' mistake.
You are using common sense dearie!!
For one thing, if you are seperated (which means there are problems between you) then I'm certain this is a ploy to win you back again.
And also, if you handed over $15000 you have 'absolutlely NO' assurance that the house would even sell for much of a profit. And like you said 'why would you want to be controled'
with the changes being made to this house.
I myself, hate the idea that 'his' parents are actually the ones buying the house..
Don't get caught with your head in the sand!!
This is really a 'bad' idea, so stand your ground.
What your husband 'should' be focusing on right now is your relationship, and making that better.
Not buying a house!! Houses 'never' make a marriage work, DO THEY!!
2007-02-03 17:40:49 · answer #2 · answered by Anonymous · 0⤊ 0⤋
In questions like this, go with your gut instinct.
You are in the middle of a really emotional time. If nothing else, this arrangement would create a lot of stress on an already fragile situation.
If this is really a good idea, then it would still be a good idea 3 months from now or 6 months from now. There's no rush--there will always be houses.
The most important thing right now is your marriage. Rent an apartment for six months. Focus on repairing your relationship.
2007-02-03 16:47:04 · answer #3 · answered by Brad L 4 · 1⤊ 0⤋
There are always good investments to be found, especially in the current housing market and it's not going to change anytime soon.
Also, this does not sound like a good time for you to buying a home. I suggest you wait at least six months and focus on your relationship rather than a house.
Good luck!
2007-02-03 17:27:37 · answer #4 · answered by MovetoLatinAmerica 3 · 0⤊ 0⤋
Honestly? I don't think you are. Sounds more to me as though hubby's having problems with the separation and wants to take you for a ride, dear; or his parents do, because you're rejecting their son. Tell hubby his parents are more than welcome to buy HIM a home, and that you might share it with him one day IF you can work out the problems in your marriage; but investing such a large amount with your in-laws at a time when your marriage is in trouble isn't wise.
2007-02-03 16:46:16 · answer #5 · answered by ih8stupidpeepl 2 · 0⤊ 0⤋
I would stay as far away from that deal as I could get. I would wait and see (for about 50 years) if my separated husband and I could work out our marriage before I handed him and his family 15 thousand dollars. Sounds a little shady to me.
2007-02-03 16:47:31 · answer #6 · answered by Anonymous · 0⤊ 0⤋
this sounds really wierd .... im telling you...run!
2007-02-03 16:51:31 · answer #7 · answered by Lost Boy 2 · 0⤊ 0⤋