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/biz/ - Business & Finance

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56711657 No.56711657 [Reply] [Original]

Should I give a loan to my mother?
>Grandmother sadly died and left the house to my mother and my uncle.
>My mother can't afford fully buying my uncle out.
Should I give her a loan? I could afford it and she'd prefer paying interest to me than to the Jews at the bank. Legally it's probably not allowed but who cares. Otherwise I'll invest the money 50-50 in crypto and the SNP500

>> No.56711669

>>56711657
ya

>> No.56711700

>>56711669
It'd take her about 4 years to pay it back. The loan would be 38% of my net worth

>> No.56711716

>>56711700
well if she asked you to do it then you probably should and just DCA into crypto as she repays you. and have some money in crypto either way.

>> No.56711723

>>56711657
dont do it unless you really dont want the money back

youre gonna ask for the money and shes gonna say "fuck off, you came out of me"

>> No.56711729

>>56711716
I already have 20% of my net worth in crypto. She didn't ask, I offered it.

>> No.56711742

>>56711723
There'd still be the house as a security.

>> No.56711745

>>56711729
hmmm idk then 38% of your networth is a lot but could be good to have money coming in if btc or stock market goes down

>> No.56711760

>>56711657
Sounds good. Whenever I have borrowed money from my parents, I always offer them a high APR because as long as money stays circulating within the family, I don't even count the interest I end up paying as an expense.

>> No.56711777

>>56711745
>>56711760
Something that's also worth considering is that one day (God willing) I'll inherit that house from her. That's why I offered giving credit instead of buying a share in the house

>> No.56711792

>>56711777
maybe ask her if you can inherit it if you help, kek

>> No.56711804

>>56711792
Without the loan she couldn't buy out my uncle. I have a brother so I'd inherit only half anyway

>> No.56711809

>>56711742
Number six, that goddamn credit? Dead it
You think a crackhead paying you back, shit, forget it
Seven, this rule is so underrated
Keep your family and business completely separated
Money and blood don't mix like two dicks and no bitch
Find yourself in serious shit

>> No.56711813

>>56711804
so then you could buy the other half

>> No.56711849

>>56711813
That would be buying my own inheritance. Not really smart paying money for something I'll get one day anyway

>> No.56711862

>>56711777
>I'll inherit that house from her
Make sure you get that down in writing, and she doesn't do something retarded like writing a will giving it to her sister's cat or something.

>> No.56711874

>>56711849
buying the other half wouldn't be buying your own inheritance if you only inherited half

>> No.56711901

>>56711657
Why is your uncle such an asshole?
He should either give her a discount or he should sign a contract with her so she could pay out over time, at an affordable price say 1k a month

>> No.56711918

just let her sell the house, why the fuck does she want a second house she can't afford

>> No.56711920

>>56711874
I don't really want to own the house though. I'd get a better return if I put money in the stock market than renting it out

If I buy the other half:
>get half now a quarter later (other quarter to my brother)
>Lose my entire networth

If I give her a loan
>get half of the house later
>Networth only down 38%
>get my money back now with interest

>> No.56711934

>>56711918
She scattered my grandmother's ashes in the garden, she's very attached to it and wouldn't sell it. She's open to renting it out however

>> No.56711949

>>56711657
yes fuck the uncle. and if ur mom said shed pay u interest instead of the jews double yes based mom

>> No.56712024

>>56711920
Oh I didn't know if you actually wanted the house. And I meant you could buy the rest after you inherit half.

>> No.56712898

>>56711657
Your mom should sell the house and pay the uncle half of the proceeds. What a fucking nightmare your grandma left to her. I would never choose to put that burden on my kids. If your uncle wants to live there he's an idiot, but it sounds like he would agree to sell if she your mom agrees. Just sell it and tell your mom to put the money into the markets.

>> No.56713108

>>56711934
>>56712898

>> No.56713133

>>56711657
make the house collateral yeah

>> No.56713159

>>56711657
>woman will chase after a dictator but not a non-chad
Women really are pathetic.

>> No.56713198

>>56711657
The right thing to do is to lend money to your mother at 0% interest, if she really needs it. Have faith and you will be repaid justly.

>> No.56713209

>>56713159
They simply reflect power. It is neither good nor bad.

>> No.56713319
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56713319

>>56711657
GOD BLESS ASSAD
GOD BLESS THE SAA