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Updated almost 14 years ago,
Real estate inheritance
Hello all. I am new to this forum and was led here when looking for help in my current situation. I recently inherited house from a family member. The house is about 60 years old and has been recently remodeled. Im unsure about the value of the home. I know that it was valued at 65k before the remodeling. I believe around 15k was put into remodeling the home. The house has been paid for.
I was wondering what my best plan of action is for this home? sell, rent, borrow against house to make another purchase?
I am very young (22) and inexperienced with this. I am a recent college grad and hope to make the best of my fortunate situation. l look forward to hearing some opinions!
Thanks!