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Updated over 10 years ago on . Most recent reply

Louis Aller's profile image
Louis Aller's profile image
Louis Aller
  • Rental Property Investor
  • from Goshen, NY
  • Member since Jan 31, 2014
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41
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Louis Aller's profile image
Louis Aller's profile image
Louis Aller
  • Rental Property Investor
  • from Goshen, NY
  • Member since Jan 31, 2014
Connect
Louis Aller
  • Rental Property Investor
  • Goshen, NY
26
Votes |
41
Posts
Buying & Selling Real Estate

Invest Equity?

Louis Aller
  • Rental Property Investor
  • Goshen, NY
Posted

My family owns a house free and clear in Florida, but we live in NY. Based on Zillow the house is worth 200k. Because my grandfather lives in the house, we cannot sell it, however we would like to use the equity to invest in an income producing property. Is this a good idea? And how would you go about doing this in my situation?

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