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Updated over 8 years ago on . Most recent reply

User Stats

17
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Jairhad Hemmons
  • Rental Property Investor
  • Hammond, IN
0
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17
Posts

Should I rent or sell???

Jairhad Hemmons
  • Rental Property Investor
  • Hammond, IN
Posted
Hello, Long time lurker, first time posting... My grandfather recently passed, leaving his house to me. It’s completely paid off, just taxes due. Needs a ton of work, new furnace, interior, etc. Would I be better off selling for almost nothing, renovate then sell, or renovate then rent? I’m leaning towards renovate/rent option as if ultimately like to get into rental ownership. I feel as if this could be a low risk opportunity to get my feet wet in the business without putting myself in such financial vulnerability. Anyone have a similar situation or any advice? Thanks in advance for any responses.

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