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All Forum Posts by: Wayne Brown

Wayne Brown has started 11 posts and replied 41 times.

General Real Estate Investing

Post: Should I buy out siblings?

Wayne Brown
Posted
  • Rental Property Investor
  • Arlington, VA
  • Posts 41
  • Votes 19
Due to the passing of a family member my 2 siblings and I were left with a home. The home has been renting in a not so great area for $1100 a month. Recently appraised for $65,000. I am interested in buying my siblings out for 42K. They're completely open to the sell. Is this a no brainer purchase? No loans necessary to make this purchase I can use available cash on hand. I'm planning to make many more rental property investments in the future and I'm thinking it makes sense for this to be my first. Thoughts? Thanks!
0 Votes