What's New Today pt2

[CanBird]

Hi Gerda, Thanks for your reply. I'll do my best answer your questions.

CanBirderino -- I did not know you live in paradise. A house with a pool in Hawaii? Girl, you can MAKE money on that, not just pay your mortgage. Gosh I wish we could talk about this on the phone!!!

The house is a great investment. It is already I assume paying for itself. You are living there for free.
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What if you moved to the rental portion, I assume that's smaller, and AirB'd the bigger house? Or keep renting out the rental and create a beautiful room for guests in your house and rent that out on AirB also? You can do this til you can buy him out.

We had planned on making our rental into a "Vacation Rental", and our very strict state made an addendum that prevented certain residential properties from doing such. We we're crushed. So yes, we could have, that was our intention. But with COVID, we are actually lucky we didn't have a vacation rental, because tourism came to a grinding halt for months. SO many restrictions in place that many of these places ended up going back to being landlords or have to sell.

The rental is small. I don't think I could fit all my personal stuff in there, let alone my daughters stuff. I'm not even sure if we could legally do it. It's been mentioned to me before. I'd go mental.

I am so sick and tired of women giving up on a viable business because a man is bullying them. Look up Laura Munson and her place Haven Home, see if you can find the column she wrote on figuring out a way to keep the house she loved.

I'd love nothing more than to keep the house. The cost of living in paradise is expensive. Now that my status has changed, I am applying for whatever assistance I qualify for. Every bit helps. Keeping my fingers crossed for assistance with childcare. And whatever we have to do to cut down on costs we are willing to do.

I still don't understand all the loose ends of your agreement where you are still so tied together and so much vagueness about ownership and funds.

Although we are legally divorce, 1 month, we have not really split anything up, other than the vehicles, because he has been away at sea for the season since April. He's finishing up, so things are unraveling at a slower than normal pace. While he's been away, D4 and I have been living in the home. Because of Covid, and because he was gone away for months, we didn't do anything, left everything the same.

We own the house together, and the property also has a tiny house on it that we rent out. Rental income goes into a joint account we have. A portion of that income goes toward a loan we have. Because of Covid, and because he was gone away for months, we didn't do anything, left everything the same.

My advice is to buy him out, move to the rental or put a tiny house on your property, and start your vacation rentals!

Forgive my ignorance here, but to buy him out, I need money. I've only been working at my new job a month, and as much as I'd love to make things work for D4 and I, I'm feeling at a loss when it comes to how to buy him out. Not sure a bank would qualify me for any loans. I'm not yet a us citizen (not yet... very soon) and I'm low income.

Also this license stuff may be what you need for rentals in Hawaii but I am talking about taxes and accounting stuff. I am talking about quantifying what goes in and out and what is and isn't equity. I will try to write a sample for you to show you what I mean when I have a minute.

Yes, please explain it to me as if you're talking to a six year old. I do want to understand how to make it work.

Today I sign up for my own auto insurance. Next is my cell phone plan.