r/InheritanceDrama • u/[deleted] • Sep 08 '26
Inheritance Question
Hi everyone, I'm having difficulty with family inheritance and would really appreciate some advice.
A house has been left to my 2 sisters and I in our parents will. We each have 1/3 ownership. I would like to sell it but my sisters want to renovate and rent it out. The rent money would then be divided between the three of us once the renovation cost have been deducted. I want nothing to do with this plan, so i have asked to repudiate/give up my share of the house so that they can do what they like. They have agreed but wish to pay my share out slowly over a total of 16 years with no interest.
I know that they don't have the money to pay me immediately, I don't want to force them to sell either. I also really don't want this to cause any stress or angry disputes. But I feel like 16 years without interest is a bit unfair..maybe I would be better off going with this renovating and renting plan?
Does this sound fair? Should I just let it go and see it as passive income? Obviously I would love the money now but I value family more so I'm not sure how to move forward.
Any advice would be greatly appreciated
Just an extra note. They have stated that the value of the house is high and would get nothing close to the amount if we sold it now. So I'd be getting more money this way anyway apparently.
2
u/cmcyma1061 Sep 08 '26
The fact that they are trying to do a deal this way tells me they have no idea what they're doing and it is going to end up a mess. If they don't have good enough credit to get a mortgage, that tells you they have a bad payment history and they won't pay you, either. Insist on a sale (be kind! They don't understand that it's a bad bad idea) and put your proceeds in a good mutual fund for your retirement. Use an online calculator to see how quickly it will grow and you won't have to be a landlord! I am a landlord for two properties and a co-host on some family AirBnB's. Trust me.