Not a flip...our primary residence. I added on. I've worked on this kind of work a lot through my life and hired out the stuff I didn't or shouldn't do. Have a city permit, so it's all legal and well-built...but the state law says you must wait a year after before you can sell it.
Ex is currently living there, but has (finally) seemed to realize that she can never afford it.
Ex hasn't worked outside the home in 9 years. We've been married 13. She has a teaching degree, but is not currently certified in AZ and hasn't taught in over 12 years.
Wife is demanding over half my net income AND offering me the house. Totally financially undoable for me.
Having to carry the house til it sells in THIS market would be a total disaster.
I'd prefer to keep the house and buy her out through an equity loan. Don't know if the judge would go for that. I hope he'll give me that chance to keep the house for my kids and buy out my spouse through an equity loan.
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Re: Alimony, sell the house, AND carry the mortgage?
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