Updated over 7 years ago on . Most recent reply
Interesting Deceased Co-Owner Situation
Hey all! I'm new to the group, based in Dallas, and would love some advice on a unique situation. I met a lady who, along with her siblings, inherited a house from their deceased parents. They've been sitting on it for about 10 years now and I think this is why. Rather than selling outright, she wants to "partner" with an investor in buying out her siblings' stake, and co-owning the property along with the investor for the two of us to make money together renting it out. Of course, I tried to funnel the conversation towards her fielding a cash offer, but she says she's been courted by many investors and does not want to sell. I wonder how much sibling discord plays into all of this.
Has anyone ever been involved in a situation remotely similar to that? I'm wondering if this type of thing is possible without being a headache. Sounds crazy I know, thanks in advance!