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Updated about 6 years ago, 10/21/2018
Parents second house. What to do with it.
Good day all!
Parents have a second house, paid off, 1450 SQ ft. 4bed/2 bath. Built in the 50s renovated in the late 90s, Rents for $850. They plan to move out of the state. Appraisal @ $110,000.
1031 exchange?
Rent out?
Sell and invest in the stock matket?
Any suggestions and insight welcome!