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Investing with family?
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My parents owned a home in a popular holiday destination for decades. As they’ve aged it has become their main place to live, and I expect that in the coming years they will be listing to sell and move to downscale in order to afford the remainder of their lives.

Problem is I have a deep emotional connection with the place and the thought of “losing” it is already breaking my heart. I cant afford to buy this home from them myself it is quite a valuable property. The opportunity to be invested in this kind of asset will probably never be a possibility for me. Me and my siblings are not without means, but financially we are not connected we are each very independent and we each have different family responsibilities. But i must try to pull them together hoping they feel the same as me and “save the family home”.

Have you been in a similar situation, how have you dealt with it, how did you pull your family together, and when successful how did you manage the investment with family. Essentially… How can i “sell” it to them without it being or becoming a completely emotional matter?

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9 months ago