Two years ago my current fiancée and I decided to buy a piece of farmland because we've always wanted to move to the country. It was affordable (200k) and seemed like a great deal for what it is. At the time we had 'only' been dating for 2 years so we thought to keep it neat and straightforward. We each pay 100k and get half. She didn't have the money at the time but was expecting to soon. I had just gotten an inheritance - enough to cover it so I paid for all of it, put just my name on the deed and said she could buy in for her half whenever she was ready and we'd put her on the deed. However, her business went south and was never able to put in the money.
Now two years later it turns out we can't get permission to do exactly what we wanted to do on the land so now we are planning to sell it. Fortunately land prices in the area have gone up quite a bit and it might potentially yield a tidy profit (3X). We both did a fair amount of work related to the land, but to her credit she found the land and seems to have found a buyer for a price higher than I probably would have asked on my own.
How should we split the profits?
original posted by hwolfcub to r/personalfinance on Mon, 04 Mar 2024 19:47:29 GMT.