Grandma offered to sell me her home at a discount and in return gets to live there her remaining years

So I’ve been wanting to invest more in real estate for awhile and last year brought up buying my grandmas house from her never acted on it.

My grandma 78 came to me and stated she would be willing to sell me her home at a discounted price but in return would want to live there for her remaining years. She would continue paying all bills except homeowners insurance and property tax which will be about $3,000/year combined.

I am worried though as I live in Florida however I visit home a lot and always stay at her house when I do go home. I would also like to do many upgrades in the future like remodeling bathroom and laundry room.

What would be a reasonable discount, for some reason I’m gearing towards at least 15% off

submitted by /u/itsryanodom
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So I’ve been wanting to invest more in real estate for awhile and last year brought up buying my grandmas house from her never acted on it. My grandma 78 came to me and stated she would be willing to sell me her home at a discounted price but in return would want to live there for her remaining years. She would continue paying all bills except homeowners insurance and property tax which will be about $3,000/year combined. I am worried though as I live in Florida however I visit home a lot and always stay at her house when I do go home. I would also like to do many upgrades in the future like remodeling bathroom and laundry room. What would be a reasonable discount, for some reason I’m gearing towards at least 15% off submitted by /u/itsryanodom [link] [comments]

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