Inherited a house with my 2 brothers

[Michele Hart]

My mom is nearing the end of her life and has left me and my two brothers her condo in Hawaii. As you can guess the three of us have different ideas on what to do. So, I'd like to get ahead of the game and start working up a plan and a strong argument for it which I can use when the time comes.  Here are some details:

1) The condo is in Kona Hawaii and the three of us all live in Colorado

2) According to Zillow it is worth just over a million. (But that is Zillow). My mom does not owe anything on it.

3)It is well kept, 2 bed 2.5 bath, fully furnished. But, it is ocean front so the upkeep will be higher than normal. 

4)I'm open to anything but brother A wants to take the easier route possible (likely meaning selling it). Brother B could be convinced to see things my way but has had some financial strains lately so it might be an uphill battle. 

5)My mom is in memory care and did not do any end-of-life planning so my brothers and I are footing the cost of her care. So, my brothers may want to borrow against the house for her care if needed. 

6)I own 3 long term rentals and am not afraid of creative investing. 

[Theresa Harris]

Honestly unless you have the funds to buy them out of their portion when the time comes, it is better to sell it. You can take the proceeds and do with it what you want (eg buy a rental closer to home).  I agree with Aristotle-get paperwork in order now to ensure when the time comes, you have less to deal with.