OT Divorced LL
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OT Divorced LL (by Tex [TX]) Apr 26, 2017 1:52 PM
       OT Divorced LL (by Homer [TX]) Apr 26, 2017 1:54 PM
       OT Divorced LL (by Random [KS]) Apr 26, 2017 2:42 PM
       OT Divorced LL (by Jason [PA]) Apr 26, 2017 3:00 PM
       OT Divorced LL (by Pmh [TX]) Apr 26, 2017 3:08 PM
       OT Divorced LL (by Vee [OH]) Apr 26, 2017 3:20 PM
       OT Divorced LL (by 1Gr81 [NC]) Apr 26, 2017 3:52 PM
       OT Divorced LL (by cjo'h [CT]) Apr 26, 2017 4:58 PM
       OT Divorced LL (by Deanna [TX]) Apr 26, 2017 5:35 PM
       OT Divorced LL (by Nicole [PA]) Apr 26, 2017 6:25 PM
       OT Divorced LL (by Still Learning [NH]) Apr 26, 2017 6:38 PM
       OT Divorced LL (by Landlord ofthe Flies [TX]) Apr 26, 2017 6:51 PM
       OT Divorced LL (by LisaFL [FL]) Apr 26, 2017 6:56 PM
       OT Divorced LL (by TahoeGal [CA]) Apr 26, 2017 9:54 PM
       OT Divorced LL (by plenty [MO]) Apr 27, 2017 7:24 AM
       OT Divorced LL (by AllyM [NJ]) Apr 27, 2017 8:03 AM
       OT Divorced LL (by AllyM [NJ]) Apr 27, 2017 8:06 AM
       OT Divorced LL (by Lynda [TX]) Apr 27, 2017 9:15 AM
       OT Divorced LL (by Nicole [PA]) Apr 27, 2017 10:43 AM
       OT Divorced LL (by Ray-N-Pa [PA]) Apr 28, 2017 3:07 PM
       OT Divorced LL (by LisaFL [FL]) Apr 28, 2017 3:32 PM
       OT Divorced LL (by Chris [CT]) Apr 28, 2017 5:41 PM
       OT Divorced LL (by NE [PA]) Apr 28, 2017 6:14 PM
       OT Divorced LL (by OK Accountant [OK]) Apr 28, 2017 8:20 PM
       OT Divorced LL (by Ms Biz [IN]) Apr 29, 2017 5:23 PM


OT Divorced LL (by Tex [TX]) Posted on: Apr 26, 2017 1:52 PM
Message:

For divorcees. has having substantial RE holdings made it more difficult to take the plunge again? Ive been divorced 6 yrs now and just not feeling the need have met several wonderful women but the relationship is always followed by the marriage ultimatum. 56yr old male --161.226.xxx.xxx




OT Divorced LL (by Homer [TX]) Posted on: Apr 26, 2017 1:54 PM
Message:

I am not a big LLC guy, but I think if I were ever in your position, I would llc everything, so the new Mrs. Couldn't get her hands on it should things go south. --75.141.xxx.xxx




OT Divorced LL (by Random [KS]) Posted on: Apr 26, 2017 2:42 PM
Message:

Not sure an LLC will solve your problem, but a prenup would. If she's in it for you and not the money, prenup would be no problem. --98.175.xxx.xxx




OT Divorced LL (by Jason [PA]) Posted on: Apr 26, 2017 3:00 PM
Message:

It took my 5 1/2 years just to see daylight from a divorce. In the end, not even sure I should have fought to keep Ll these units.

Prenuptial or no marriage. I keep what I go into a marriage with. I doubt I'll marry a woman with 35 units at 50 % equity. Actually most I date make 28000 a year with 3 young kids. Not much of a future there either --152.208.xx.xxx




OT Divorced LL (by Pmh [TX]) Posted on: Apr 26, 2017 3:08 PM
Message:

Jason. commiserations. But I would marry someone with 50% equity in 35 units....you are just dating the wrong girls.... --104.218.xxx.xx




OT Divorced LL (by Vee [OH]) Posted on: Apr 26, 2017 3:20 PM
Message:

Everyone I know over 50 says just keep slippers together, but stay steady or you will get burnt, I think the political correct terminology is partners. --76.188.xxx.xx




OT Divorced LL (by 1Gr81 [NC]) Posted on: Apr 26, 2017 3:52 PM
Message:

"Marriage ULTIMATUM".... I think that phrase says it all.

I will def. chime in here.....Married and monogamous for 22 years.... Divorced six-ish years now. It took me years to recover from my divorce (financially and emotionally)....still working on it. I am officially a "one and done". No more marriage. Even if I did lose my mind and go down that path again, my prenup would make a, leather bound, encyclopedia set, look small.

I date often, but when the big L word comes out....it's the beginning of the end. I'm not saying I want it that way, but once that particular genie comes out of the bottle, and I can't reciprocate, it's all but over. I do even worse when being backed into a corner.....ultimatum ....

New day...new lover. Or even more often...no lover...new adventures. I enjoy my freedom, and like the little lady said.... "THERE'S ADVENTURE OUT THERE!!" :)

--74.124.xxx.xxx




OT Divorced LL (by cjo'h [CT]) Posted on: Apr 26, 2017 4:58 PM
Message:

When a person is over 50, man or woman, they are too set in their ways to even think of getting married? So just furget about it.................................cjo'h.................................mmm.mmm.mm................................................. --174.199.xx.xx




OT Divorced LL (by Deanna [TX]) Posted on: Apr 26, 2017 5:35 PM
Message:

Tx is a separate property state. If you got married tomorrow, she'd only have claim to property acquired during the marriage, not property you brought to it. Just like if you married a woman who owned a 200 unit complex, you'd have no claim to it. As long as the income is kept separate, she'd have no claim on it. As soon as those rental receipts get deposited into a joint account, it gets mingled and belongs to you both. A chat with a good attorney should give you the details. --166.137.xxx.xxx




OT Divorced LL (by Nicole [PA]) Posted on: Apr 26, 2017 6:25 PM
Message:

60+ year old female here. been divorced over 30 years ... since my children were very young. I have been in a LONG term relationship with a wonderful man for many years. he has a really nice house ... so do I. he works. I work. We see each other mostly on weekends due to work schedules. My real estate investments are my job. We have no intention of getting married but should we for some reason, I also will have an Antenuptial Agreement (not sure why the local lawyers use that term) where he won't get anything from me. it belongs to my children. that said, he also has significant assets and has zero need for anything material from me except my one son and his chain saw and/or snow plow and the left overs he goes home with on Sunday nights. --72.95.xx.xx




OT Divorced LL (by Still Learning [NH]) Posted on: Apr 26, 2017 6:38 PM
Message:

Knowing your state laws is important. NH is a 50/50 state. We have different properties, loans, investments in individual, joint, trust and LLC for various reasons, but our lawyer says in the unfortunate event of a divorce it doesn't make any difference here. 50/50 --24.61.xxx.xx




OT Divorced LL (by Landlord ofthe Flies [TX]) Posted on: Apr 26, 2017 6:51 PM
Message:

Deanna: There are ways around the Texas Comm Prop stuff with a Separation of Assets agreement and prenupt.

Simple way it works is you split all payroll income equally as the check is received. Put your half in a separate bank account spouce can't touch, and they put theirs in an account you can't touch. All rental income produced by the business can remain separate until it's paid in salary. --99.125.xxx.xxx




OT Divorced LL (by LisaFL [FL]) Posted on: Apr 26, 2017 6:56 PM
Message:

I am divorced, have substantial RE holdings and assets, age 55 in a six year relationship which I anticipate will be my last. He's low income, I'm high income. Getting married we'd both lose medical benefits so we don't really see a need. I have a will and generously provide for him. Getting married seems like it would complicate things too much. I'd call us atypical. Couldn't get used to calling him my boyfriend. Calling him my partner resulted in people assuming I was gay until they realized I was talking about a man. So we just refer to each other as husband and wife for ease. --173.170.xxx.xxx




OT Divorced LL (by TahoeGal [CA]) Posted on: Apr 26, 2017 9:54 PM
Message:

I don't like "ultimatums". Hopefully you will find a partner or special friend who will just love and appreciate you for you and not push for more. With substantial assets, a prenup is in order.

In addition to the prenup, I think it is most important to be with someone who supports your dream, more than anything else. And most everyone on this board DREAMS BIG, or we wouldn't be putting forth all this effort. --24.7.xxx.xxx




OT Divorced LL (by plenty [MO]) Posted on: Apr 27, 2017 7:24 AM
Message:

Evenly yoked. Look for that. --66.87.xx.xxx




OT Divorced LL (by AllyM [NJ]) Posted on: Apr 27, 2017 8:03 AM
Message:

Yeah, marriage ultimatums are about something other than love and appreciation. They are about guilt and the need for someone to take care of that person. --73.33.xxx.xxx




OT Divorced LL (by AllyM [NJ]) Posted on: Apr 27, 2017 8:06 AM
Message:

Lisa, in a number of years you ARE married in the eyes of the state via common law. I would not put anyone in my will as it's too tempting for them to make themselves rich sooner rather than later. Actually have an uncle who came to check to see how my mother's and my will was written in case we both died at the same time. When I told him that everything must be sold and each relative gets one share, he said "That won't work." and left. I have no doubt that he wanted to do away with his sister and niece. --73.33.xxx.xxx




OT Divorced LL (by Lynda [TX]) Posted on: Apr 27, 2017 9:15 AM
Message:

Tex, the right woman will not give you an ultimatum.The right woman will just love you and enjoy your company. The right woman will see that a marriage will just complicate both your situations. The right woman will KNOW that your reluctance for marriage is not because you doubt her love, your love, your longevity together. The right woman has no such insecurity issue. You just have not met her yet.

Do not ruin what you have with this woman by forcing a pre-nump. Enjoy what you have. If she leaves because she needs marriage to live, let her leave easy, because the right woman for you is still out there. Best,Lynda --108.87.xx.xxx




OT Divorced LL (by Nicole [PA]) Posted on: Apr 27, 2017 10:43 AM
Message:

... Lisa, in a number of years you ARE married in the eyes of the state via common law....

I don't know about NJ or Florida but certainly not true in every state... Pennsylvania being one of them. --72.95.xx.xx




OT Divorced LL (by Ray-N-Pa [PA]) Posted on: Apr 28, 2017 3:07 PM
Message:

I was late to the marriage game because I was building the real estate empire. When it was time, I felt like I had to hide the fact I was in control of significant assets just to make sure she wasn't a gold digger. After clearing that hurtle, I let her into the world of investing.........and she doesn't really care fore it.

That is alright, she is a 8-5 person with an hour for lunch. I am person who just works off a to do list from the evening before. Sometimes my day is five hours and sometimes it might turn out to be a 11. If I don't feel like working at all, I just call off work. When you work for yourself, sometimes the boss can be a royal pain. --24.239.xx.xxx




OT Divorced LL (by LisaFL [FL]) Posted on: Apr 28, 2017 3:32 PM
Message:

No common law worries in Florida. None of our assets are combined anyway. But good point in states where it may apply. --173.170.xxx.xxx




OT Divorced LL (by Chris [CT]) Posted on: Apr 28, 2017 5:41 PM
Message:

In CT once you say I do he/she gets half.

So use a prenup. --69.117.xxx.xxx




OT Divorced LL (by NE [PA]) Posted on: Apr 28, 2017 6:14 PM
Message:

In Johnny Cash's cover of NIN's "Hurt."

"You can have it all, my empire of dirt."

--50.32.xxx.xxx




OT Divorced LL (by OK Accountant [OK]) Posted on: Apr 28, 2017 8:20 PM
Message:

NE PA,

As a NIN fan I want to remind you, and point out to the OP, the end of the song "Hurt"

If I could start again

A million miles away

I would keep myself

I would find a way

Basically Trent means that what doesn't kill him makes him stronger, and he would keep his pain and the lessons learned, and still go on. Seems relevant to what Tex posted. I know for all the things I have lost, I wouldn't change having had them. --72.192.xx.xxx




OT Divorced LL (by Ms Biz [IN]) Posted on: Apr 29, 2017 5:23 PM
Message:

Wow Tex I really feel for you and I think you should take the steps to protect your assets. I'm sure there are many gold diggers out there looking for a guy like you.

On the flip side of that I can understand why marriage is important for other reasons than financial benefits.

I hope you find that right gal that you would want to share your worldly assets with and can trust.

But I say trust but verify. If you begin to be serious do whatever it takes to make sure you can trust her. And have your ducks in a row. I'm married now 25 years to my second husband. We have built a substantial RE Biz together . And I'm concerned for him if I die that some gold digger will snag him up and take advantage of him.

I have told him this many times. Your in a difficult situation I would like to think that a decent non golddigging woman would understand your concerns and measures to protect your assets.

I wish all the best ! --67.199.xxx.xx





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