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Updated almost 5 years ago,

User Stats

387
Posts
221
Votes
Mat O'Grady
  • Investor
  • North Stonington, CT
221
Votes |
387
Posts

An I being too greedy?

Mat O'Grady
  • Investor
  • North Stonington, CT
Posted

Hey everyone, I own the remaindership interest in a single family home. The person who owns the life use is in a nursing home now and she is 85. The family asked me to buy her life use for $35k. I'm thinking no way. I wasn't planning to pay anything more to take over the property. I was planning to wait until she passes. What are your thoughts? Should I buy her out so that I can get the property sooner and help the family out or should I let them deal with the issue?

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