I own a house with my brother, I would like to buy him out and cash in the equity. How can this done?

Question by Mr Yankee: I own a house with my brother, I would like to buy him out and cash in the equity. How can this done?
Do I refinance? A new mortgage? How do we determine buy out price?

Best answer:

Answer by Alex H
Get a realitor to assess market price, then pay him half. Either in cash, or get a mortgage in your own name for the full value.

But you can’t cut him out without his consent — if that’s what you’re hoping for.

What do you think? Answer below!

This entry was posted in Q&A and tagged , , , , , , , . Bookmark the permalink.

5 Responses to I own a house with my brother, I would like to buy him out and cash in the equity. How can this done?

Leave a Reply to unisberkensap Cancel reply

Your email address will not be published. Required fields are marked *