... a little context... my mother and I are estranged and the only granparent I have on her side is my grandmother. I love my grandmother and she gets treated the same way by my mother as I did which is why I cut ties years ago, but my grandmother sees her as her only heir and is leaving everything including their lake house that my siblings and I summer vacationed growing up to her. My mother is horrible with money and only sees dollar signs on this property and if left to her will be on the market before my grandmother is cremated...
my brother and I had a convo this past weekend about convincing our grandmother to sell it to us, so when she passes it will ensure it stays in the family to create memories with our kids as a vaca home. It is also really close (5 miles) from our dads family ranch. The house is not worth much but our mom would try to really over sell it and absolutley would not sell it to us... this way we would get a fair price for it, keep in the family, she has her house and income to care for her, and mom can get what's left when grandma passes...
I am currently in babystep 6-7 putting 5-6k a month toward our primary mortgage and would essentially divert that margin to paying for her house... I'm thinking 80k is what it would be worth at this moment but needs some major updates that can be done over time... we owe about 80k on our primary and would take out a second mortgage to save this house and could realistically have it paid in 2 years or less...
Thoughts?
Zac Cole astronomy member page
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2023-07-13, 11:41
So I am in a very hard place
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