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Updated about 9 years ago,
Can probable be avoided?
Hey everyone how's it going ? I am new to the site and new to real estate I am actually not even an investor yet but that is what I want to be soon. However I have a question on behalf of my father. His dad passed away last month and owned his own home. He did not leave it to anyone. He had three of his own kids including my dad. And also had 3 step children. My dad was told each kid even the step kids could get a portion of the sale of the house if they went that direction. No one other than my dad has any interest in the house but he is worried that even if he assumes the house that he may still have to enter probate and still pay everyone else. He wants to rent it and keep it long term. Would he have to pay everyone else even if they don't want apart of the house ? I told him this is too good of a deal to pass and could potentially be my in as an investor as well. Any advice and suggestions? Thank you in advance for the help and advice