Buying/Selling house...inherited Prop Tax from 1979 in Ca E Bay

[Wayne Szehner]

Hello To All,

After doing lots of reading and listening to pockets, I thought I would finally make my first post and ask for some recommendations or advice on some options with a family property in Walnut Creek, Ca. With this property in such a prime real estate location, I would like to hear some of your thoughts on selling, investing, flipping, HUD sale, etc. Another thing to keep in mind from investing or making a deal with an investor is, since I am family, I would get the property tax percentage from 1979 which is huge. If I am wrong there, please advise.

Property:

4bed, 3bath, 12,100sq ft lot

Background, In the near future; a decision my family will have to go through is either keeping or selling my Grandfathers house. Right now, the understanding is it would be split between his 3 kids. My father one of them, has passed away. So myself, my two brothers, would split my dads 1/3. We are all fairly close and live in the same town, so I'm just trying to figure out some routes we can go.

Hope to hear from you all and get some ideas flowing. Cheers.