Please Run!

[Music] brought to you by the every dooll app start budgeting for free today so my question is um should me and my husband do rent to own on my in-law's house while they live there no while they live there yes so why would you rent someone else's house while they live there well we would so we would be in the top half of the house and they would be in the bottom half of the house oh it' basically be like you know we each have our own separate yeah no don't do that what is the benefit here are they cutting you a crazy deal so um basically it's a it's a family property and you know me and my husband would like to purchas purchase it from them at some point so what does family property mean um the property was given to them by um his grandfather and um it was meant to be for us or for for him so will it go to you guys will it be inherited by your husband um so they are also in a little bit of a sticky situation with some other debt and stuff too so I don't know if that would end up coming to us or not they're in a sticky sit situation with what with some other debt and oh other debt basically yeah all right so is this is this property an unusual property and is it like a bunch of acreage or um I mean it's a it's a house they built and it's I mean it's 17 Acres uh um and like I said it's in the area the Family Y is in and okay here here's your problem all right you guys are trying to do 703 different things at one time and it's not going to work and here here's what's happening all right the parents in- law have been irresponsible gotten themselves in debt and they need the income that you would be giving them to rent and so you're doing it to do them a favor you're also trying to honor grandfather's idea that your husband would end up with the property and yet you've still got to turn around and buy the property instead of just end up with it that wasn't grandfather's idea he left it to his son he didn't make him buy it now his son is trying to not do that with his own son am I missing something no yeah I mean so we're trying to honor grandfather we're trying to help your parent you're trying to help the in-laws who have been irresponsible by paying them rent and um and you're going to be in a miserable living situation all to try to keep everybody happy but you and your husband no don't go do this I mean it is it is really important to us too and if we can help kind of help them out now I guess their goal is that they can sell the house to a uh used price yeah so what is the property worth um we a lot of the number that has been thrown out is like around 500,000 okay let's just pretend it's worth 500,000 for a minute what do you guys what do you and your husband make um I think he's gonna be making about 990,000 this year and then I'll probably be making about 45 okay so you have a $135,000 household income you can afford a half a million dollar house just buy the house so we actually just talked to a lender and they said could be a gr for about 400,000 okay um how much money do you guys have saved we that's the other thing to is we don't have because we just got married like a year ago so we only how old are you too um he's 21 and I'm 22 the weak cannot help the weak Only the Strong can help the strong you are too weak to help them you are not in a good you're not in a good enough financial listen you do whatever you want to do you called and ask my opinion my opinion is I would run from this like my hair was on fire because these people are irresponsible they're going to end up with judgment leans on this house and they're going to be unable to give you the house or transfer it to you because they're not going to pay their bills and they're going to get their butts sued because they're going to continue in their pattern of irresponsibility and you sweet little 21 year olds are trying to help these grown adults who are doing a piss poor job of running their lives and they're going to screw over their own kids accidentally in the process please run from this please so here's an alternative you guys go rent somewhere on your own while building your own fincial Foundation go have a life and if one day you inherit this thing that's great or later on if you want to help them fine but not multi-millionaires that and you're you're 21 years old you've been married 10 seconds and you're not in a position to go help these grown-ups who have been irresponsible you're not strong enough quit doing this and you're going to end up in the basement of people paying them rent they're going to screw you over accidentally because they don't know what the crap they're doing they can't find their butt with both hands and they're going to cause you guys to dra to drag be drugged down with them please don't do this please they don't mean to but they're screw-ups and they're going to and they're doing this to their own kids it aggravates the crud out of me don't people don't screw over your own kids with your irresponsibility don't do it and and please don't do this they're going to end up with this property clouded on the title with something because of the way they're acting and then you're not going to be able to get the property that you signed up that you thought you were getting in a rent to own crappy deal please just go rent you something and let these grown-ups muddle through their mess and maybe the property will come out the other side of it maybe it won't you're not in a position to buy it if you call me up and you were 32 and you had 3,000 30 or 40 or 50,000 bucks laying around and you wanted to put a down payment and go buy the house we can talk about that but you're not in that position you're too you're not in a strong enough position to be of help to them and you're going to go do it anyway even though I'm going to tell you a thousand times not to do it I can tell there's no stopping you create your free every doll budget today the simplest way to budget for your life