John (Caller)

Well, I'm kind of getting ahead of myself.

So I'm living there with my parents.

I have a brother and a sister.

They both live outside of the city.

And in the future, the plan is for us three to split the house, like an inheritance, right?

So right now, my father passed away.

My mom cannot afford the mortgage, so I'm going to take over the mortgage.

So I want to know what

the best way, I guess, to handle things in the end to be fair with, I guess, me because I'm taking over the mortgage and also fair to my brother and sister since they were also going to get that inheritance.

$250,000.

Is it pretty... It's a great relationship.

Like, that's why I want something to be fair, you know, because...

And the way I was thinking, well, what if in the end you guys just split what the house is worth, like what you need to pay right now?

Like instead of what the house is worth at the end, you guys, I guess you give them the money that's worth right now.

Or I was thinking, what if at the end, if I do end up selling it, let's say in 40 years, I take 50% and then they split the other 50%.

The house right now is worth, I believe, $850,000.

Right, right, right.

So it's three of us.

Uh, so I'm just found out about you guys recently as I was scrolling through my Facebook newsfeed, the show started popping up.

So I thought I'd ask since I saw one of Dave's posts about the seven baby steps, I'm thinking about not contributing as much to my retirement so I can get out of debt and I'm wondering how much debt I should pay off before I start contributing to my retirement and how much