"Family Real Estate Flip: Navigating Profits and Relationships"

1 min read
Source: MarketWatch
"Family Real Estate Flip: Navigating Profits and Relationships"
Photo: MarketWatch
TL;DR

A man sold his home to his wife's son at a $100,000 discount, and now the son is selling it at a $250,000 profit. The man wonders if he's entitled to a cut, considering the discount and some loans given to the son. The advice is to first discuss the sale with his wife and consider whether the original price was fair. Ultimately, it's suggested that he should stick to the original deal and not ask for a cut, as mixing finances and family can lead to hurt feelings.

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