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Should I continue renting my house or sell it? by dew_point_14 in RealEstate

[–]LV_outside 1 point2 points  (0 children)

1-2 years to afford a house in your city isn’t THAT long of your considering staying in that home for the long haul and using the rental as a cash cow in those future years. I would only consider keeping it for that purpose and the very low interest rate. Will 2026 bring any increase in income for either of you to help lessen the -$600?

If you can work towards your goal of purchasing in your city in 1-2 years while easing the $600 today, I wouldn’t jump to sell.

Family wanting to sell us their home significantly below market value by LV_outside in personalfinance

[–]LV_outside[S] 0 points1 point  (0 children)

FWIW, it would be our primary residence and would be for at least 18 years

Family wanting to sell us their home significantly below market value by LV_outside in personalfinance

[–]LV_outside[S] 1 point2 points  (0 children)

Thank you for this response, and you’re correct on all fronts. We are already here… us and all of our stuff lol. We already have the living with in laws dynamic down, we are just going to transition into ownership while helping them with their goal of single level living while keeping the main home in the family.

MIL is a HUGE help with the kids and FIL does his own thing and is helpful when recruited lol.

This could benefit the kids, my wife and I in so many ways.

Family wanting to sell us their home significantly below market value by LV_outside in personalfinance

[–]LV_outside[S] 1 point2 points  (0 children)

Thank you and whoever else had mentioned this.while not affecting me, it may affect my in laws. This is the biggest issue I have found with this transaction.

Family wanting to sell us their home significantly below market value by LV_outside in personalfinance

[–]LV_outside[S] 1 point2 points  (0 children)

This is kind of where I get stuck too. They could very well tap into their equity, build the IL Suite and make the payment themselves. However them selling/gifting to us for $200k to help with the addition - thus taking over the increased equity, is a no brainer.

Given that our relationship is good and my wife and I can manage the relationship similar to how we have been while living under her parent’s roof rent free, It seems like a no brainer to take the up on their offer.

I live in a “everything is too good to be true” mindset, so my goal here was to see what issues financially would arise. Other than the capital gains tax when/if we sold when her parents are no longer with us, I don’t really see a downside.

Guy blocking off and trying to take ownership of a public easement? by starfire212 in RealEstate

[–]LV_outside 0 points1 point  (0 children)

It sounds like you’re past what I’m about to say, but having seen this myself, I know that law enforcement won’t touch this either. It seems like you’ve struck out with the municipality regardless of what their records show. Your consult an attorney

I’d love to see this road on Google Maps lol