Whats The Best Way To Go About This?
I am new to REI, and just purchased my first home 6 months ago. Now I am looking for the best way to go about a tricky situation.
My grandparents own their home in FL and would liek to retire but dont quite have the finances to do it yet because they want to stay in their home. They purchased the home for 60k 18 years ago and still owe about the same because of refinacing to put in a 30k pool. Their home is now worth about 300k because of the booming market. I believe there is a way I could help them retire and stay in their home if I purchased it from them. Maybe they could still pay the taxes and insurance.
Any advice would be great!
Thanks
P.S. My main concern is keeping them in their home as long as possible and then keeping the home in family as a vacation destination.
toya,
Are you saying you need a contract to cover "lots" instead of properties?
John $Cash$ Locke
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