Sell 1/2 Interest In My Property

[Daniel Pitner]

I'm in a divorce and thinking through ALL the creative financing strategies. 

Is it possible to sell 1/2 my interest in a PRIME piece of land that I own with HUGE upward potential? 

Essentially my idea would be to sell 1/2 my interest, pay off the existing loan, and be "partners" with this person as long as there is a defined exit strategy. 

Here are the numbers: 
Owed: $75,000

Appraised Value: $245,000 

Home Comps in the area: $1.5 Million 

I assume we would need to take title as tenants in common with 50/50 ownership? 

What am I missing here?