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/biz/ - Business & Finance

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29653004 No.29653004 [Reply] [Original]

>parents divorcing, dad's retired alchy and mum's cheating
>selling everything
>dad needs to get a new place
>option to get a 50k mortgage and hsve a place built with him, getting me onto the property ladder earlier and securing myself and him a place to live
>Plus if he dies or we disagree I can sell for 2-4x investment

What hidden costs should I know about? My gut tells me I'm going to pay for this financially somehow but I have no idea what exactly

>> No.29653121

>>29653004
Dont do it, there are many legal concerns that rise up when you do it. Also what will you do when he remarries a bitch and let her move in?

>> No.29653269

>>29653121
He's 68, a cripple and on his death bed, I don't hes going to remarry
Plus I can just sell my half

What are the legal concerns?

>> No.29653369

>>29653004
I wish you the best. sorry to hear your parents divorced. honestly one of the worst things that can happen, in my opinion. so sad society has degraded itself to that point.

sounds like you would be doing a very noble deed, and helping yourself in the process. you are talking about sheltering your dad and yourself. whats not to like ?

>> No.29653663

>>29653369
There are ALOT of positives, I'm doing research before I tie myself to anything financial or legal.
/biz/ anons might have experience

>> No.29653759

>>29653004
give him a loan he'll never be able to repay and make him your slave
>>29653269
>He's 68
still pretty young. force him to go jogging each day and pump him with ephidrine and painkillers. give him some coke to restore his self confidence as well.
sky is the limit from then on

>> No.29653776

>>29653004
>68 yo dad
>crippled
>on death bed
>woman still cheats on him thus proving that no matter what age, women are eternal roasties

How old is your whore mom btw?

>> No.29653888
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29653888

>>29653759
>force him to go jogging each day
>jogging
>crippled
>on death bed
these are the people that invest alongside you on /biz/

>> No.29654031

>>29653004
>picrel
you will own no synapses and you will be happy

>> No.29654427
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29654427

>>29653004
>dad's retired alchy

>> No.29654522

>>29653663
I told you what must be done, now go do it

>> No.29654599

>>29653004
Left is a koalas brain

>> No.29654625

>>29653776
58

>> No.29655593

so you have chicken breasts for a brain?

>> No.29655597

>>29653004
Are you able to put up with the hidden bullshit? Moving in with my father would be impossible; has to have control of the air conditioner, you have to be silent when he's sleeping, he shits with the bathroom door left open, leaves shit streaks in the toilet every time (same age as your father)

I could not move in with my father for a billion dollars, I would rope, your dad must not suck

>> No.29655917

>>29653004
>a boomer selflessly doing something for the next generation or offering sage trustworthy advice you can rely on
You deserve what’s coming

>> No.29656159
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29656159

>>29653269
>a cripple and on his death bed
dude, you are massively underestimating the body's ability to keep itself alive.

>> No.29656200

I think the most sane thing to do would be to yolo all your money on x100 long on btc

>> No.29656237

buy the whole house yourself and charge him rent

>> No.29657017

>>29654625
Your dad was once a chad.