i feel very strongly to avoid all that stuff as much as possible. If the goal is going to be to sell it, leave the house in the estate and have the executor,. if it's a will, you'll have somebody called the work with the executor as a family. That everybody can do, in your words, nicol they can do with their money what they want to do. But wa, less mess and wa, less fus then the other answer we'd give if you really want to buy property with a bunch of other people.
#354: Charlie in Cali has enough money saved to pay cash for a house, but she and her husband decided to finance their home, instead. They’d rather invest the money and arbitrage the spread. But one problem: how can they keep themselves from touching this investment?
Jay is choosing between Fidelity and M1 Finance, and has questions about tax loss harvesting.
Nicole and her siblings will be inheriting some properties that they eventually plan to sell. How should they set up or organize these properties among so many owners? Should one person take the lead? Do they need a shared business account? Also, how should they evaluate a property and make sure they get a good deal when they sell?
Ed owns three homes, two of which he plans to sell in the next few years. He plans to live in them long enough to establish residence and take the capital gains exemption when they sell. Is his plan for handling the taxes solid?
We answer these four questions in today’s episode. Enjoy!
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