Especially because you are dealing with family, you have to be upfront and honest about what your intentions are.If they are selling you the house at a massive discount under the conditions that you’ll keep it for at least 10 years, you have to honor that promise.If you don’t do, I would understand if they were to be extremely emotional and upset about that.Now having said, there is a lot things you can do.

I see in everything I watch, read, listen to, etc that offering lets say.. 10 days, a week, even several days to close is a massive technique to gaining the seller's interest in accepting your offer.

What they gave me, I almost fainted as it would have been a massive tax bill.Long story short, I called my accountant and he said to send him the information.

I am trying to draw up a system to implement into my business regarding an architect and designer and as much clarification as possible on this subject would be massively beneficial.

If you do, take warren buffet and Ray dalio’s advice.

You could get hit with massive fines that could easily eclipse any savings you might think doing self help.No legal advice given.

Save those types of deals for later in your investing career when you already have massive cash flow coming in from your portfolio.

@Isiah Ferguson When it comes to situations like this I'm always reminded about Warren Buffets two rules for investing: 1.

Maybe they are just taking houses half the size and taking the ppsq ft and applying to these massive estate properties?

In spite of the low return, I am very very sure that this property is a great return in the long run and massive development potential either for myself or to sell to someone else (Up to 20 units can be built on the land.