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Updated over 6 years ago on . Most recent reply
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How do I convince my mother to turn grandmas house into a duplex?
My mother took over the delinquent tax payments in order to save her childhood home for sentimental reasons. Her idea is to fix it up and live in it ONLY. I do not know why when my sister, father and I show no interest in living or moving back to our hometown. Pretty much everything in the house is broken from A to Z. It is also a bottomless pit of back taxes. She does not want to fix it up to rent it out and make money for all of us. How do I change her mind??? PLEASE HELP
In a perfect world, it is a good property to use the BRRR strategy on and generate income for all of us. It's in an older blue-collar area of my hometown with little to no crime. My hometown has a population of 35,000 with its own major employers and own unique economy.
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@Juan David Maldonado, Sentimental value is going to be a tough one to over come, however I would run the numbers and show her the possibilities. You may need to walk her thru the entire process, but if it's worth it... maybe she'll get on your page, especially if it pays for her living standards. You may also want to try and convince her that it will still remain in the family, and that it will for the foreseeable future. I don't know that I personally would attempt this action though, but as long as you can sleep at night. Good luck!
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