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Updated about 3 years ago,
Doing business with family
I'm trying to help my father-in-law get out of a house that he is tired of. I'm willing to give him $3k to move back into his three-flat while i front the renovation costs of his single family home. since I'm paying for renovations, after the sale and i'm reimbursed for the renovations, is a 50/50 of profit too much to ask for?