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I know you don't know the person very well, but if the house has been in the family for some time, I would suggest trying to keep it as long as you can. I know it would pay off bills and etc.....but having the property could be a huge benefit to you as well.
My grandparents on my mom's side are both dead and she wanted nothing more than to keep the house. She couldn't afford to do it, and now the house is out of the family for good.Who knows what will happen to it. I would suggest that you try and keep it for a while and rent it out. You could actually make money off of it, which you could save to buy a place out in Van. You could make quite a bit of cash off of it if you play your cards right. That is crazy that someone you barely knew, if at all, left you a house. Holy man. Serious, dood. Keep the house and rent it out for a few years. Keep the money that you make off of it and put it into a fund to buy a house wherever you want.........it's not like you owe money on it, right? Hell, buy another house with the profits and rent it out as well. More property= more $$$. but if I were you, I wouldn't sell it right away, even though it would be so tempting to have the bills paid off. Just my humble opinion. |