duke
recently joined
Reged: 03/31/11
Posts: 2
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My wife and I are separating and are trying to prepare for divorce without getting lawyers involved. In dividing up the assets I'm getting a rental property we own (a townhouse). She insists that the rental property is worth more than just the market value of the property because of the income it can generate. My argument is that, theoretically/hypothetically she can take equivalent assets she's getting and buy a rental property and generate her own income. When you buy a rental property the property is worth what it's worth. Someone choosing to live in it would pay the same as someone choosing to use it as a rental property.
So, who's right here? And if she's right, how do you go about assigning value to future income?
Anyone?
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d2njti
member
Reged: 03/05/08
Posts: 187
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You're right and she's wrong. Whether you live in the house or rent it out, or rent a room out of it, or sell it, it is simply an asset. Get an outside appraisal.
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