Helping Inlaws Buy

[Nicole]

I have no clue!! I was hoping all the piggs would be able to give me some advise on this too or perhaps point me in the right directions where I might be about to educate myself about how this could work.

We have already agreed that my husband and I will be the ones to inherit the house. However, my husband has one sister that we would have to include in her share.

I figure if they sell their house in Ohio for 200K, his sister would be owed 100K of that. I guess if the time came for my husband and I to inherit the house here, we’d actually be buying her out (even though she wouldn’t actually be on title).

I’d love to hear your thoughts about the best way to arrange this.

[svelte]

[quote=Nicole] My mother-in-law is currently living with us (helping with the baby) and father-in-law is back in Ohio. By the time they plan on moving out here my mother-in-law will have already lived here well over a year. Do you think the conventional wisdom about renting a year still stands?
[/quote]

You know your family better than I…I can tell you that I have not led my life via conventional wisdom and I’m happy as a clam…but then I’ve never been anywhere close to the norm.

Personally, I would think the 1 yr rule applies to both of them and, since he’s back east, the clock doesn’t start until he spends all of his days in the California sun. Partially cutting the cord is an entirely different thing than completely cutting the cord.

But if your pa-in-law has lived in many states during his lifetime, if he’s lived in CA before, if he has no long-term ties to Ohio, then it may be perfectly safe to ignore the 1 year thing.

[svelte]

[quote=Nicole] My mother-in-law is currently living with us (helping with the baby) and father-in-law is back in Ohio. By the time they plan on moving out here my mother-in-law will have already lived here well over a year. Do you think the conventional wisdom about renting a year still stands?
[/quote]

You know your family better than I…I can tell you that I have not led my life via conventional wisdom and I’m happy as a clam…but then I’ve never been anywhere close to the norm.

Personally, I would think the 1 yr rule applies to both of them and, since he’s back east, the clock doesn’t start until he spends all of his days in the California sun. Partially cutting the cord is an entirely different thing than completely cutting the cord.

But if your pa-in-law has lived in many states during his lifetime, if he’s lived in CA before, if he has no long-term ties to Ohio, then it may be perfectly safe to ignore the 1 year thing.

[svelte]

[quote=Nicole] My mother-in-law is currently living with us (helping with the baby) and father-in-law is back in Ohio. By the time they plan on moving out here my mother-in-law will have already lived here well over a year. Do you think the conventional wisdom about renting a year still stands?
[/quote]

You know your family better than I…I can tell you that I have not led my life via conventional wisdom and I’m happy as a clam…but then I’ve never been anywhere close to the norm.

Personally, I would think the 1 yr rule applies to both of them and, since he’s back east, the clock doesn’t start until he spends all of his days in the California sun. Partially cutting the cord is an entirely different thing than completely cutting the cord.

But if your pa-in-law has lived in many states during his lifetime, if he’s lived in CA before, if he has no long-term ties to Ohio, then it may be perfectly safe to ignore the 1 year thing.

[svelte]

[quote=Nicole] My mother-in-law is currently living with us (helping with the baby) and father-in-law is back in Ohio. By the time they plan on moving out here my mother-in-law will have already lived here well over a year. Do you think the conventional wisdom about renting a year still stands?
[/quote]

You know your family better than I…I can tell you that I have not led my life via conventional wisdom and I’m happy as a clam…but then I’ve never been anywhere close to the norm.

Personally, I would think the 1 yr rule applies to both of them and, since he’s back east, the clock doesn’t start until he spends all of his days in the California sun. Partially cutting the cord is an entirely different thing than completely cutting the cord.

But if your pa-in-law has lived in many states during his lifetime, if he’s lived in CA before, if he has no long-term ties to Ohio, then it may be perfectly safe to ignore the 1 year thing.

[svelte]

[quote=Nicole] My mother-in-law is currently living with us (helping with the baby) and father-in-law is back in Ohio. By the time they plan on moving out here my mother-in-law will have already lived here well over a year. Do you think the conventional wisdom about renting a year still stands?
[/quote]

You know your family better than I…I can tell you that I have not led my life via conventional wisdom and I’m happy as a clam…but then I’ve never been anywhere close to the norm.

Personally, I would think the 1 yr rule applies to both of them and, since he’s back east, the clock doesn’t start until he spends all of his days in the California sun. Partially cutting the cord is an entirely different thing than completely cutting the cord.

But if your pa-in-law has lived in many states during his lifetime, if he’s lived in CA before, if he has no long-term ties to Ohio, then it may be perfectly safe to ignore the 1 year thing.

[Nicole]

Thanks for your response.

He’s lived here before, but many years ago. Both of them immigrated to the States from Iran back in the 1970’s and have lived in various states. They do still have one brother in Ohio, but I’m holding their first born persian grandson hostage, so I think he trumps the brother 🙂 Besides, I would be surprised if the brother doesn’t move out here soon as well.

I think that I might suggest they rent first regardless, just so we can watch the market for awhile and get to know the details of the south carlsbad and south vista/oceanside areas a little better. I think they’ll put their house on the market next summer, because it’ll probably take some time to sell.

[Nicole]

Thanks for your response.

He’s lived here before, but many years ago. Both of them immigrated to the States from Iran back in the 1970’s and have lived in various states. They do still have one brother in Ohio, but I’m holding their first born persian grandson hostage, so I think he trumps the brother 🙂 Besides, I would be surprised if the brother doesn’t move out here soon as well.

I think that I might suggest they rent first regardless, just so we can watch the market for awhile and get to know the details of the south carlsbad and south vista/oceanside areas a little better. I think they’ll put their house on the market next summer, because it’ll probably take some time to sell.

[Nicole]

Thanks for your response.

He’s lived here before, but many years ago. Both of them immigrated to the States from Iran back in the 1970’s and have lived in various states. They do still have one brother in Ohio, but I’m holding their first born persian grandson hostage, so I think he trumps the brother 🙂 Besides, I would be surprised if the brother doesn’t move out here soon as well.

I think that I might suggest they rent first regardless, just so we can watch the market for awhile and get to know the details of the south carlsbad and south vista/oceanside areas a little better. I think they’ll put their house on the market next summer, because it’ll probably take some time to sell.

[Nicole]

Thanks for your response.

He’s lived here before, but many years ago. Both of them immigrated to the States from Iran back in the 1970’s and have lived in various states. They do still have one brother in Ohio, but I’m holding their first born persian grandson hostage, so I think he trumps the brother 🙂 Besides, I would be surprised if the brother doesn’t move out here soon as well.

I think that I might suggest they rent first regardless, just so we can watch the market for awhile and get to know the details of the south carlsbad and south vista/oceanside areas a little better. I think they’ll put their house on the market next summer, because it’ll probably take some time to sell.

[Nicole]

Thanks for your response.

He’s lived here before, but many years ago. Both of them immigrated to the States from Iran back in the 1970’s and have lived in various states. They do still have one brother in Ohio, but I’m holding their first born persian grandson hostage, so I think he trumps the brother 🙂 Besides, I would be surprised if the brother doesn’t move out here soon as well.

I think that I might suggest they rent first regardless, just so we can watch the market for awhile and get to know the details of the south carlsbad and south vista/oceanside areas a little better. I think they’ll put their house on the market next summer, because it’ll probably take some time to sell.

[svelte]

Congrats on your toddler-to-be!

[svelte]

Congrats on your toddler-to-be!

[svelte]

Congrats on your toddler-to-be!

[svelte]

Congrats on your toddler-to-be!

[Author]

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