Properties Analysis
Short-term Plans
Due to what Shar said in her will, I am no longer considering Dwayne's 2 options or my 3rd. Following are Shar's 3 options for the two properties that she shared with Dave:
- Sharon said, “… he can retain both properties, renting Missoula Way and living in Cantrice Ln as long as he likes.” He will need to do this for awhile – not sure how long. However, she did not say anything about the mortgage loan. From what we hear from her estate, they expect him to continue making (~$750/mo.) payments on that loan. Understandably, they also expect him to be responsible for all expenses related to that property. Understandably, it could be questioned why he should make the full mortgage payment. However, they have also said that he can keep the proceeds from his rental income on Missoula way to help with the expenses at Cantrice. Legally, since they have 1/2 ownership in Missoula, they could ask for 1/2 of that net income, ~$540/mo. Because of this, I think it important that we do not ask for them to pay any portion of the mortgage loan. Another valid reason for this is that Dave is living here - the 3 sisters are not...
- Sharon said, “… he can sell both properties and pay my estate 50% of the proceeds of the sales…” This is clear instruction and certainly doable. However, it involves a lot of work to do all of that. Dave is willing to do this, with help from us, but it is not his preference. Rather, at this time, he prefers option 3. However, since Dwayne seems to have pushed hard to used the quit-claim deeds(option 3), rather than selling both properties(options 2), it would be easy for us to assume that we should sell both properties. But, from my further study, that assumption appears to be wrong. More on that later in this document.
- Sharon said, “… he can trade his interest in either of the properties for my interest in the other, giving he and my estate 100% ownership in one or the other property…” Dave would not consider keeping the Cantrice property. Also, it would not be financially possible without mortgage debt, which he has no interest in. His preference is to trade his interest in Cantrice for having 100% ownership in Missoula Way. However, the details of that transaction would need to be handled by an attorney with an escrow account in order to be safely removed from the mortgage loan and sign the quit-claim deed. Keep in mind that, at this time, Dave does not wish to sell the Missoula property, mostly because he has good renters who make cash deposits of $1300 monthly directly into his bank account. His tentative plan is to sell after these renters leave, which I agree with. Also, I did some rough calculations that show it unlikely, at this time, to make $1300/month, or more, interest on a reasonable safe investment with the likely proceeds he would have from the sale of that property.
My conclusion: Stay at Cantrice until he needs to move. This may or may not require a signed contract. When he needs to move use option 3 above.
Desiring to live by every word that comes from the mouth of Jehovah (Deut8:3; Matt4:4)
-Sid Nash: 02/22/2026. Latest version: https://sidnash.org/DWG/Properties/Analysis.html