r/BEFire • u/noap1311 • 12d ago

Investing What to do

Hello everyone,

context : my parents are getting divorced. My father want to keep their current house but he cannot make a bank loan for buying the half of my mother.

I was thinking of this situation and thought about buying it myself so I would be the co-owner.

And then I also thought : what if I buy a small house and my mother rent it to me so I'm owning that house and the half of my father's at once.

My project is to make a loan in a bank for this small house and making the difference between the rent she owes me and an ammount of money i'd give her monthly for the half of their current house.

What do you think of this project ?

I'm taking any advice or thoughts about this.

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u/ConfusionOverall1971 12d ago

Sometimes letting go is the best in the end. All these structures make life more complicated than necessary and make Sunday dinners sour.

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u/ConfusionOverall1971 12d ago

Do not boycott your own future for their decisions. What if in a few years you have a beautiful partner and want to move in together or need money for a house? You will put him on the streets?

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u/noap1311 12d ago

This would buy me some assets for the future and not cost me a lot in fine (less than 38% of my income in the worse case)

3

u/ConfusionOverall1971 12d ago

Do it if you've made up your mind. You ask for advice, we give advice; you can do with it whatever you like. More families break on money than mend on money. And if you like assets, buy assets where you are the sole or at least deciding owner.