Question: Kevin's parents are divorcing and selling his grandmother's house. It appraises for $110,000 and they want to sell it to him for $82,500. The house has been vacant for 2 years and there will be lots of issues with it. He wonders if it's even worth it to buy, since he's a truck driver and would need to fix it.

Dave Ramsey's advice: The only reason you'd buy it is because the house was in your family. Other than that, this is not a deal you should do. You're not ready, it's a bad economic time, and your family's not ready. It's going to take a long time to renovate it. There is NO reason to do this deal except for the fact that it's been in the family, and that's a tough thing to quantify.

I see a lot of people who hang on to family properties and get themselves in a pickle. It's not the dumbest thing I've ever heard; I'm just concerned that you are not ready, don't have enough cash, and you'll be on the road while you're trying to repair this. Personally, I would walk away from the deal.

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