My partner and I have been in a relationship for a while now and it’s going well. I’d roughly estimate proposal / marriage is about 1 to 2 years out. Should I buy a home now by myself or wait until we are married and buy a home together? I’m tired of missing out on the real estate market and have been saving up for a down payment, would be ready to buy. Could I add her to the mortgage / house ownership post marriage so it would still be ours? My TC 305, hers 120. #mortgage #housing
Buy now so you get to keep something after divorce
If equity rises during the marriage, she would still be entitled to her share. That said, changing your title to add her after you marry is not difficult.
Wtf? What if its rental property and she did not contribute?
Either way she'll get the half
I’m not worried about this at all, there will be no divorce. This is purely an invest now vs. later question. Or invest now vs. slightly higher buying power later. The money is on the sidelines ready to be invested. But if the economy doesn’t stick, the early investment would have been for nothing.
Roflmao the confidence in this bro. "There will be no divorce" Bruh if you that's the case a prenup wouldn't hurt. Any sane person would be ok with it.
Buy for yourself and rent it out. Don’t stay in it until you get married. Sorry to say bro situations may change in life.
Rent is not even close to mortgage these days. This will make it impossible to buy a place together that’s equal or better.
Are you white or Indian
Buy the home. If you’re 1-2 years ahead of marriage, then I wonder if you’re really with the right one. My husband and I got married a year after dating and together 6 years. We have property together. If he had a home already, sure it would’ve been at a better price point. We bought together as soon as we had the finances to buy a SFH in a good area.
Buy now. You can always rent another one later to live and rent out this one. Think of this as investment or property that you may or may not live in far into the future. Or you can add her later to the title, I don’t see any downside to buying now. Maybe also discuss this with her directly?
Me and my husband bought the house together before marriage. It’s like investment for both of you.
Prenup or nah?
If you really feel that it won’t create issues or trust issues then sure, go ahead with prenup. My view - Marriage is 100% from both sides, try to merge money for down payment that way you won’t have any negative thoughts on putting all your money and buy house on both your names. At the end you both will be living in it and it is a future investment for both of you.
Prenup. Don’t be stupid
If you buy now think about a prenup