Quote:
Originally Posted by Grancey
I'm not sure I understand your question. Yes, the three of us inherited the property, and he wants to buy out my other brother and me. Since he can't get a loan, he wants us to finance our thirds.
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Wait a minute. Let me make sure I understand this.
When someone wants to buy someone out it implies they have the funds or means to do the buy out. If they don't then they can't.
I don't get how one can finance your thirds in order to allow him to "buy out" your share. Basically what it sounds like to me is that he'll get to move into a place and now have positive cash flow since you both will be paying him as part of the buy out.
So big dick swinger over there says,"I'll buy you out of your share" better actually have that means other wise. He doesn't get nothing without having means.
What makes most sense is to buy him out if you have the means. This will free you up to do what you want with the property without his poor or bad ideas cluttering up the runway.
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