We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Help With Dads House
Comments
-
Give us a chance!!!!
we only got it valued yesterday.
& all of us were suprised & shocked to the valueations we were told.
so no one is in a rush to do anything.0 -
Best thing then is to buy them out, make any agreement legally watertight.
A. any agreements jointly with your sisters and brother
B. any agreements jointly with your brother
good luck.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
I have to say if they're expecting a rent of 450 a month after you've done it up you have to consider what % return you'll be getting on your investment
If you have to buy them out for 50k and then it costs 20k to do up ... and house prices fell a bit more or rents dropped more ... and all the hassle of renting it out...0 -
-
Who is executor of your Dad's Will ? - they have to gather the assets, pay any debts, and distribute the rest to beneficiaries ... so really they need to decide how to proceed.
As already recomended - either rent it our and split the income or (preferably I think ) sell for the best price you can , split the money and then you and your brother buy another place with your share if you want to go into the property development business. Any other course of action is likely to sour family relations and be a problem that simmers for years ...0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards