My friend is selling his investment property to pay off his wife's student loans

[averageman55Participant 124]

A friend of mine has the first house he owned rented out. He owes very little on the property and he makes a couple hundred dollars a month from it passively.

We spoke earlier this week and he was telling me he listed it for sale. He’s been telling me for a while he wants to sell it, and he finally listed it. I told him he should use that money and do a 1031 exchange so that he (huge oversimplification here) avoids paying taxes on it. Meaning he goes out and buys another investment property with it. Maybe a duplex or a triplex so he can have more income. Based on comparable sales in his area, he should have around $120k left over for a down payment on another nice investment property. I told him you could also use that money, pay the taxes on it, stick it in a nice index fund, and your retirement fund gets a huge boost.

He tells me that he’s been talking it over with his wife and he wants to use that money to pay off her student loans. He doesn’t have any student loans for himself. He did the smart thing and got himself a union job straight out of high school and he is making a comfortable amount of money. His car is paid off. He has no real debt outside of his two houses. His wife however has around $90k in student loans. At least she is actually doing something with her degree that actually makes her a decent income. However he has told me multiple times that she wants to go part time because she deals with too much stress at her job. He’s told me wants to make enough so they can both go part time and just enjoy stuff. Did I mention the house he lives in is under her name and not his?

We all know how that’s going to end up. He’s going to pay it off. She’s going to leave him in about a year. She’ll be debt free. She kicks him out of the house. She keeps everything in the divorce, and he’s homeless.

I can see it now. Oh well.

[AwakenedParticipant 35201]

averageman55 wrote:

He’s told me wants to make enough so they can both go part time and just enjoy stuff

She’ll end up working “maybe” part-time, and he will continue to work fulltime for as long as they’re together.

It’s so f~~~in SAD how One Woman can so EASILY Destroy EVERYTHING a Man has Worked for his Entire Life, and How HE HELPS HER DO IT !!

The Damn Blue Pill Is by FAR the MOST TOXIC ELEMENT THAT I HAVE EVER BEEN EXPOSED TO IN MY ENTIRE LIFE !!

In a World of Justin Beibers Be a Johnny Cash

[No CountryParticipant 759]

Well I wish your friend nothing but the best.

[SkelatorParticipant 1261]

What is with people nowdays having damn near 100000$ in debt for college.

People around me complain about it constantly. They all think the government should forgive their debts. Not gonna happen. Lol

As for your friend I think you gave him the best advice you could. He should reinvest it in a more profitable rental. He can offer to use the additional income to help pay off her debts sooner if he is set on doing so. I would never pay it off in a lump sum, no reason too. Plus this way she still has to pay on it and cant leave him. If she does leave him he still has the property.

I mean she can definitely f~~~ him either way but at least it wont be a total loss for him.

[MonkParticipant 16984]

averageman55 wrote:

We all know how that’s going to end up. He’s going to pay it off. She’s going to leave him in about a year. She’ll be debt free. She kicks him out of the house. She keeps everything in the divorce, and he’s homeless.

Once you know how it works, you can write the script. He’ll probably end up killing himself.

[xanthineParticipant 4903]

I hate to say it, but any man who refuses to see the way women truly operate in society deserves to get burned by one of them. Their sacrifice serves as a valuable lesson to other men. Eventually, we will starve these parasites out of existence, but until ALL men are MGTOW, this trend must and will continue. Here are the facts your friend is about to learn:

-Women have no intention of staying with the men they marry, which is why the majority of marriages end in divorce
-They divorce men so they can steal his assets legally (house, pension, retirement funds, properties, etc)
-They view men as disposable utilities, and never truly love the men they are with
-They discard men who no longer have any utility to them (ie after draining all of his financial resources)
-they are amoral and disloyal. They will do whatever benefits them 100% of the time at the expense of everyone else

Everything about this case is pretty much textbook. It has happened over and over again to the point of becoming cliche and stereotypical. Every man has seen it play out and has seen other men’s lives ruined by women. However, there is a sizable chunk of them (like your friend) who absolutely REFUSE to see it.

I hope you have given your friend your honest opinion about his actions. (I am betting you have) And afterwards, when the inevitable has happened and his life is ruined…I hope you will thank him for his sacrifice, on behalf of all the men who will not fall victim to the same traps, thanks to him.

[TheSpiceParticipant 2644]

What a terrible waste. When she’s gone, he’ll have nothing.

This kind of predatory behavior SHOULD be illegal.

"I've been thinking about what it would be like if we got back together."
"You know it's too late for that."

[Secret Agent MGTOWParticipant 22510]

averageman55 wrote:

A friend of mine has the first house he owned rented out. He owes very little on the property and he makes a couple hundred dollars a month from it passively.

We spoke earlier this week and he was telling me he listed it for sale. He’s been telling me for a while he wants to sell it, and he finally listed it. I told him he should use that money and do a 1031 exchange so that he (huge oversimplification here) avoids paying taxes on it. Meaning he goes out and buys another investment property with it. Maybe a duplex or a triplex so he can have more income. Based on comparable sales in his area, he should have around $120k left over for a down payment on another nice investment property. I told him you could also use that money, pay the taxes on it, stick it in a nice index fund, and your retirement fund gets a huge boost.

He tells me that he’s been talking it over with his wife and he wants to use that money to pay off her student loans. He doesn’t have any student loans for himself. He did the smart thing and got himself a union job straight out of high school and he is making a comfortable amount of money. His car is paid off. He has no real debt outside of his two houses. His wife however has around $90k in student loans. At least she is actually doing something with her degree that actually makes her a decent income. However he has told me multiple times that she wants to go part time because she deals with too much stress at her job. He’s told me wants to make enough so they can both go part time and just enjoy stuff. Did I mention the house he lives in is under her name and not his?

We all know how that’s going to end up. He’s going to pay it off. She’s going to leave him in about a year. She’ll be debt free. She kicks him out of the house. She keeps everything in the divorce, and he’s homeless.

I can see it now. Oh well.

Any good trying to warn him what shes gonna do to him? This is a textbook setup case.

Women want everything, but want responsibility and accountability for nothing.

[Sky-OParticipant 18936]

Money cannot prevent:

01:Her masturbating while thinking about her Chad

02: Her from still letting Chad f~~~ her in her ass then cumming on her face

03: Her from divorce raping him in a few years

And regarding 1031 exchanges:

They do not allow someone to avoid paying taxes on proceeds from real estate sales (that’s ridiculous) – A 1031 exchange enables the sale of one property and the transfer of the proceeds into a ‘like or similar’ property (as defined by the IRS) without paying taxes on the proceeds: *Note – the second transaction / purchase must close within 120 days of the sale of the first property in order to qualify.

[Sky-OParticipant 18936]

TheSpice wrote:

What a terrible waste. When she’s gone, he’ll have nothing.

This kind of predatory behavior SHOULD be illegal.

Can’t stop the free market.

If a beta wallet chooses to keep paying for pussy that he would otherwise not be able to bang, then that is his choice.

His money is a temporary equalizer in his mission to maintain access to his wife’s vagina.

Chads use other forms of currency:

01: Tingle activation

02: Superior aesthetic value (yeah, muscles, tattoos and a bigger c~~~)

03: Hardcore, passionate, primal f~~~ing

So this situation is just a guy using his main tool (money) to attempt to tragically buy loyalty and monogamy with money.

Misled to his fate but in life, man has something called freewill.

I would consider spending the same amount of money on a high end sports car to be a waste of money, but I don’t stand outside of high end car dealer lots trying to stop and ‘warn’ potential buyers.

Betas deserve to get pussy too even if the same vagina would f~~~ a Chad for free.

[Will RobinsonParticipant 3479]

Wrong way round.

He should sell off his wife to pay off his investment property.

May you walk in peace and happiness, May you and all mgtow, near and far walk in peace and happiness.

[Freeman_KParticipant 3524]

This things usually follow the tragic script:

Tuition From Tragedy – Ben’s Story

Not much you can do really.

The choices we make, not the chances we take, determine our destiny

[Anonymous 42]

My friend has his gf paying the rent, the food, and the utilities, my friends are smart, not STUPID!

[Anonymous 7]

A-Yup cupcake is planning hur exit strategy. Your buddy is f~~~ed. Hopefully when the time comes you can talk him off the ledge and point him here.

You can try but there is no use in telling him what is really going on. He won’t believe you.

[Secret Agent MGTOWParticipant 22510]

averageman55 wrote:

A friend of mine has the first house he owned rented out. He owes very little on the property and he makes a couple hundred dollars a month from it passively.

We spoke earlier this week and he was telling me he listed it for sale. He’s been telling me for a while he wants to sell it, and he finally listed it. I told him he should use that money and do a 1031 exchange so that he (huge oversimplification here) avoids paying taxes on it. Meaning he goes out and buys another investment property with it. Maybe a duplex or a triplex so he can have more income. Based on comparable sales in his area, he should have around $120k left over for a down payment on another nice investment property. I told him you could also use that money, pay the taxes on it, stick it in a nice index fund, and your retirement fund gets a huge boost.

He tells me that he’s been talking it over with his wife and he wants to use that money to pay off her student loans. He doesn’t have any student loans for himself. He did the smart thing and got himself a union job straight out of high school and he is making a comfortable amount of money. His car is paid off. He has no real debt outside of his two houses. His wife however has around $90k in student loans. At least she is actually doing something with her degree that actually makes her a decent income. However he has told me multiple times that she wants to go part time because she deals with too much stress at her job. He’s told me wants to make enough so they can both go part time and just enjoy stuff. Did I mention the house he lives in is under her name and not his?

We all know how that’s going to end up. He’s going to pay it off. She’s going to leave him in about a year. She’ll be debt free. She kicks him out of the house. She keeps everything in the divorce, and he’s homeless.

I can see it now. Oh well.

You gotta try to talk to him. Plenty of stories exist on the internet of guys who had this happen to them.

Guy is already dead and doesn’t even know it. If he matters to you, you gotta try.

Women want everything, but want responsibility and accountability for nothing.

[averageman55Participant 124]

Sky-O wrote:

And regarding 1031 exchanges:
They do not allow someone to avoid paying taxes on proceeds from real estate sales (that’s ridiculous) – A 1031 exchange enables the sale of one property and the transfer of the proceeds into a ‘like or similar’ property (as defined by the IRS) without paying taxes on the proceeds: *Note – the second transaction / purchase must close within 120 days of the sale of the first property in order to qualify

Yup. I just oversimplified it in case someone here didn’t know what it was. The best thing to do would be what I said. Get that money, buy a duplex/triplex, collect rent. It is the most tax advantageous thing to do and generally the smartest.

Getting the money and paying off his wife’s student loans is quite possibly the worst thing he can do. I’ll give it two years before he’s thinking about suicide.

Should I also mention several people have told me his wife his “out of his league” and that she’s a nurse? It’s like the clichés write themselves.

The sad thing is, all this is actually true.

[iMickey503Participant 12465]

Well. Look on the bright side. One more new member in the future.

You are all alone. If you have been falsely accused of RAPE, DV, PLEASE let all men know about the people who did this. http://register-her.net/web/guest/home

[CarnageParticipant 22113]

Divorce in two years after paying loan.

I bet my left testicle.

To those following me, be careful, I just farted. Men those beans are killers.

[StealthParticipant 5330]

Paid for my wife’s graduate degree exactly two years before she left to f~~~ around and take what money I had left. Just saying.

"Once you’ve taken care of the basics, there’s very little in this world for which your life is worth deferring." -David Hansson. "It’s not when women are mean or nasty that anything is out of the ordinary. It’s when they are NICE to you that you have to be on high alert..." -Jackinov.

[Won'tGetFooledAgainParticipant 3293]

As I always say, someone always has to pickup the tab for her carousel party and it sure as hell isn’t chad. She f~~~ed all those Chads for free because they gave her the tingles and feelz now your friend is paying for every, single one of them.

She sees sex with a beta wallet (your friend) as a chore so he has to pay.

She will one day get back on the carousel, no doubt taking his other house with her.

For women, everything eventually boils down to Alpha Fucks, Beta Bucks.

[Author]

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