Finance & Legal Best Posts in Thread: A different Real Estate question

HA ha good luck getting them out the property after you return ( they will be living in the 4 corners of it)
uncle from sipilay the sister in law from bayawan, the cousin from cebu

not a snowballs you will get them off of it, putting them on it is the worst thing you can do

 

'our own ladies are different' I my case I kind of talked her into going as part of me taking care of her when I am gone. Much easier for her to access my accounts etc, travel with me if I need 1st world hospitalization, if we stay long enough for her to qualify for minimum Social Security (10 years) then she would get the future equivalent of $600/mo (p30,000)... blah blah blah

...and if it doesn't work out, well wouldn't be the first time, she wins and I only lose what I have put in so far - a house not being one of those things.

 

Yup, I totally get where you are coming from and it is great advice. I gave her the choice of school here or in the States and she wanted here. I re-explained the schooling issue and the probability of needing more schooling and she stuck to going here, I think she may also be a bit afraid that she isn't close to being able to succeed at a US university. She also very much wants to come back here so isn't extremely worried about finding a job in her exact field and would be happy settling for a more support role there to have experiance for a job once we return.

I still think we have too many unknowns over too long a period of time to be able to decide where to live now. The passing of time plus new experiences of schooling and living in the States will definitely affect the decision on top of all the other issues.

As for me personally, I know who I am and that 'sh1t happens' and that I am tempting fate taking her to the States. Willing to take the risk, don't plan on having a lot to lose financially. As far as her income working in the States, pretty much anything she can bring in will be enough, not really a concern.

 

Just an experienced heads up. If you do want to buy property with a house or to build a house, selling is a long slow process with few buyers who have the cash and are willing to put the property in their spouse's/partner's name. This is particularly true for "expensive" homes both on or off the beach.

 

Whoa! You actually expect to get it back once she leaves the country and her family is "taking care of it" for her LOL LOL 1000 LOLS

 

That is a big part of why I am not liking the idea. The other reason is after 4 more years here while she gets her degree, then going to the States for 5-10 years, how could we possibly know today where we will want to come back to, or even if we want to come back at all? And what are we supposed to do with a house here for possibly a decade 12,000 miles away. I thought of this OP as a possible another reason to wait.

 

I have heard this also, from many different sources. Although that may change at any time the current administration chooses to change it I would surely expect she would have time to sell the property if and when the rules changed.

So, as in all things, if you can afford to take the loss if it all goes south then go for it!