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Updated almost 8 years ago,
Newbie - 1 house in probate
I have to start by saying I bought a house with my mom - she passed and I own 77 percent now through a testementary trust. My siblings are contesting and refusing to help with any costs. I had a renter and her family (some which weren't supposed to be there) move out because I finally decided after carrying all costs of repairs, utilitites, etc. that I wouldn't spend anymore money on a house that needs a complete overhaul and one where the heirs are refusing my offers to buy, not paying taxes or costs and generally being cantakerous, etc.
The reason I am writing is to find out if there is anyway I can just move on by using this house and the portion I own as collateral to pick up another rental home somehow? I do not see any relief in the future for this house and want to move forward with building a rental business. Any suggestions?
I am new to this, this is my first house and I had the renter for eight months.