I haven't. I don't think that, collectively, we'd have enough money to make that purchase. My brothers both have kids now and are funneling a lot of their money into raising them. They're both homeowners themselves. However, let's say we did want to do this (buy the place jointly). How would that work? What particular loan, etc., would we want to take out? What would be the key financial steps?
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Originally Posted by BillTex
Have you proposed a joint purchase with your siblings?
How about turning the property into a duplex-then you could use 1/2 for your family and rent 1/2.
Good luck with your plans, I understand your desire to keep the home in your family…and that $ isn’t everything.
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