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Updated about 2 years ago,
Inheriting a house from Parents advice for first time home owner
I am a 26 years old and I currently live in Texas. My family owns a few houses in Georgia and wants to transfer one of the houses to me as a the new owner. The house has about 60k left on the mortgage payment and is valued at about 250k and the mortgage will continued to be payed by my parents. As the owner I will only be responsible for maintenance and major fixes when something goes wrong. I'm not sure if I should take over the house and what would be the pros and cons of doing so. Could someone give me some advice?