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Updated almost 6 years ago,
best options for a huge beat up rental property passed down
Grandpa passed away and left me one of his rental properties. 6bed 6bath 2,952 sqft on Zillow its estimate is $34000 and needs major repairs. Im not sure what would be the best option. its paid for so would it make sense to finance a rehab with some type of loan. to have the loan take the place of the would be mortgage to get it up and running. Or should I think about selling it I know it wont sell for much.
Ive checked all over the web, but everything is on how to buy or rehab a fixer upper that has a mortgage. if anyone knows a great forum post about this please send me a link