We budgeted $250k for the addition and updates, but ended up spending over $450k.

We budgeted $250k for the addition and updates, but ended up spending over $450k.

Spend time upfront agreeing on how those feelings need to be heard and dealt with. 

https://www.winwardlakes.com/Then, look at the Apartments and Condos For Sale near there and compare values and how much you have to spend.

Reduce spending in other areas so you have money available to make your house payments.

In the end, you would be taking free money (cash), spending it on returns that you won't recover for almost 15 years (if all goes perfectly well), and getting charged interest on your own money when/if you decided to need that loan from him.Too many unknowns, too long recovery period for your cost, too much risk. 

Good realtors spend a significant amount of time educating their first time buyers and often times people don't recognize how important that is.Hope this helps a bit.

Here’s a look back at Quincy’s RE market over the past 3 years.About the DataI’m not a realtor with access to the MLS, so the data behind this post comes from Zillow and may therefore be incomplete and/or compel you to algorithmically overpay for billions of dollars of real estate.The data is comprised of 2067 properties (e.g. condos, SFH, MFH) sold in Quincy in the last 3 years.Prices Went UpFirst let’s look at the monthly median sale price over this period:A little choppy, but things are generally up and to the right as you’d expect.

You have to “spend” or pay more than you net from the sale.

Most of the time, your rehab cost is not deductible the year you spend it.