The article addresses two financial queries. Firstly, it tackles a situation where an individual inherited a property with siblings. One sister wants to buy out the others but has been delaying improvements for two years. The article suggests setting a deadline for the buyout or putting the property on the market. Secondly, it offers advice to someone with savings waiting for a house purchase. Given a six-month timeframe, the article recommends keeping the money in the bank due to its stable return and low risk.
I have inherited a property with my two siblings. My sister would like to buy the other two of us out.
I suggest you voice your concerns with your sister, making it clear that you want the estate wrapped up within the next few months. If she’s unable to buy you out, then the property needs to be put on the market. I have done some research, and there are “investments” that range from bank levels of return to a crazy 24 per cent commercial property development. I would call myself conservative with money, with a low to moderate appetite for risk. I have seen and liked bank bonds and reasonable second mortgages .Thanks for your question. Given a six-month time frame, I would advise you to simply leave these savings in the bank. At 4.
INHERITANCE PROPERTY BUYOUT INVESTMENT SAVINGS
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