Posted by Rafiq on March 16, 2002 at 11:56:46:
It seems no one wanted to help out with this.
From your scenerio the only thing I can see that would be beneficial to both of you is for you to assume her mortgage and the two of you, if her credit is good enough, start investing together.
You get a better home and she can move into one of the deals that you buy unless you decide to live together. In the meantime, use the 5,000 for the repairs on your home and sell or lease option your home. Whatever the cost for repairs, add another 1,000 or so and let that be the down payment for the new leasee in your home.
What do you think?