Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 11 months ago,

User Stats

1
Posts
0
Votes
Lewis Jackson
0
Votes |
1
Posts

Renovating house which I will receive in future inheritance

Lewis Jackson
Posted

My uncle has a house in Thailand he owns and rents out. He has suggested for me to get on the property ladder I could give him 10% of what the property is worth to convert it from a 3 bed 3 bathroom house into a 2 bedroom 2 bathroom apartment and another 2 bed 1 bath apartment. For this I will also receive 10% of future rental income for both properties, WHICH would be a 11% annual ROl for me. However since he has no children me and my brother would currently receive it in inheritance 50/50 BUT if I put the 10% down then 90% will be split 45/45 leaving me with 55% only gaining 5% if I was to not invest anything. I don't know whether to go ahead or not as it would take around 5 years to make up for that lost value even though the renovation will add to the total value of the building and land.

Any advice would be appreciated.

Loading replies...