Hi everyone,
Thank you in advance for your answers.
My mom and I have a property in the mountains, 1780 square meters that is shared with my aunt, uncle and cousin. The property is abandoned since 1998, while the last time we slept there was in 2002. There are two old houses, that are ready to collapse soon, however the property is on a small hill and has a fantastic view and it is a town where it has the "best breathable air in the country".
Now, the problem (s).
- As much as I like to invest, I have other things that need my care at the moment.
- My relatives live in the US for over 23 years now
- We had a great relationship until they had a tragedy in their life (car accident) and they started going with different religious impostors to find "light". We tried to help them, but they went further and further with this
- Things between us are cold now since my dad passed away.
- My cousin is sick, it had multiple diagnostics, from bipolar to other ones. They live together, my uncle and aunt are over 70, while he is 45.
So of course, I am thinking that at some point they will die and I will be stuck with my cousin to sell the property, and it will be a paperwork nightmare if he is not mentally fit to sign something (we don't know the current state he is right now).
Last month I've got an offer, good financially, and I felt sick. I ultimately refused to do it because I didn't want to lose that place.
So, I need some outside opinions, feel free to ask anything, what will be the smart thing to do.
PS: I do not need the money, but I am not 100% sure I will ever invest there.
Thank you again!