All Forum Posts by: Amanda Bodine

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Amanda Bodine has started 1 posts and replied 2 times.

Yep we did and she had no ideas besides selling or doing a cash out refi.

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Hi!

My husband and I are looking to buy a STR beach house. My parents would like to buy it with us. We have already formed a LLC with a lawyer but we are stuck on what to do if myself and my husband or my parents die and the other party doesn't want to sell the property? If the property has gone up significantly in value is our only option a cash out refi and pay off the other person's trust or sale the property and split the proceeds with the surviving family trust? My parents would like to partner in buying it because a lot of the value will come from the appreciation and not just be silent investors. Any other ideas would be great! Thank you!

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