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Updated over 5 years ago,
To sell or to keep.
Hello all. I could really use some help here.
On 04 APR 17, my wife and I purchased a 3bdr 2ba for $417,500. She took 100k from her previous purchase and put it towards our current home. We then financed the remaining $317,000. I now currently owe $300,000 at 3.66%
After my wife passed, she gave her half of the house to our 6 y.o. daughter to leave her something understandably. She then made her sister and brother her executors. (My wife and I didn't have a good relationship.)
Now, I have been bitten by the Robert Kiyosaki real estate bug and I realize that ownership is key. So my question to you all is. If you were me, would you keep and refinance and rent out. (I will definitely come back to the states.) Or cut your losses and sell. keep in mind if I sell, %50 of the profits would go to a trust fund for my daughter.
Attached is a link to the way the house looks. Anything helps.
Thanks.