Don't know what to do with an inherited property.

[Cyndi Lees]

Hello all,

I inherited a house in Phoenix last October. It's worth about $350,000 and no liens.

I was thinking about making it a midterm rental or a short-term rental but it would require quite a bit of work and would require getting a home equity loan.

Also considering selling and buying a turnkey str.

I do plan on leaving the country and I'm not sure where I'll end up.

Would love to hear the pros and cons from all you professionals.

Thank you,

Cyndi

[Jackson Harris]

Hi Cyndi, I'm an investor and agent myself in Phoenix. 

I think it really depends on where the home is at, the condition, etc that may help you make the right decision. I would be happy to get on a call and talk through the options that you have. 

My business partner and I actually own a portfolio of STR's in the area, so if you wanted some insight on that business I'm happy to share as well!