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Updated over 7 years ago on . Most recent reply

Will Gile's profile image
Will Gile's profile image
Will Gile
  • Investor
  • from Simi Valley, California
  • Member since Oct 30, 2016
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26
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6
Votes
Will Gile's profile image
Will Gile's profile image
Will Gile
  • Investor
  • from Simi Valley, California
  • Member since Oct 30, 2016
Connect
Will Gile
  • Investor
  • Simi Valley, CA
6
Votes |
26
Posts
Buying & Selling Real Estate

Need Advice on Buying Someone Out

Will Gile
  • Investor
  • Simi Valley, CA
Posted
Help! Please advise! My sister and I have inherited a 5 br 3 bth house in Brea, CA. It is in need of work but will go for 500k cash if sold as is. We would split 50/50. Should I attempt to buy her out? Comps in the area put a turnkey house of similar specs at 700k plus. I estimate 50k of repairs needs to happen. What would you do and what is the best way to buy someone out? She is not interested in holding on to it.
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