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Updated over 4 years ago,
Need advice: Sell or rent out our two-family Napa, CA house
Hi everyone. I'm not sure if this is the right place to ask this, but I need some advice. The situation is that we moved in to take care of my elderly parents several years ago and ended up adding onto their house so we could live there. Now that we've all moved on, we have a two-family set up on one acre that has turned out to be hard to sell. As I said, it's my parents' home, but I had to put money into it to make room for my family. Therefore, all of my available real estate money is locked up into it. Since it hasn't sold, we can't buy a new place for ourselves. We are now wondering if we should just keep it and rent it out for income. It's a large (almost 4,000 sq ft) two-family set up (2 bdrm/2 bath home on on side and 2 bdrm/1 bath home on other side) on one acre with no mortgage in Napa Valley. We're open to any ideas. Thanks in advance!