I inherited my father's house.

[Seth Baumgartner]

Unfortunately, my father passed away last March, and I've only just now begun to think of how I should move forward. He had a 3br/1ba that needed work, foundation, roof, and floors. It's fully paid for though; I want to live in it and fix these problems while using the equity to buy an investment property. He also left me around $25,000-$30,000. I'm open to ideas on how to move forward and hope to hear from everyone. 

[Joseph Amaral]

Hi Seth,

Sorry for your loss. You could use that money to fix it up to live in, then cash out refinance or pull a HELOC on that property to purchase an investment property.

hope that helps,