inheiritance: Great Aunt Mabel Left Me Her House! Now What?
- 02/02/17 09:59 AM
You’ve inherited a house. What good luck! Now you can finally start investing in property without all that pesky capital! Right? Whoa! Not so fast. Just like any investment, never just jump in blind. You need to assess the investment from all angles. As with anything, if the liabilities outweigh the assets, it may not be the windfall that you perceive it to be. Here are some basic factors you should consider. Is there a mortgage on the property? If so, will you be able to recoup the payment, property maintenance, taxes, and insurance and still make a profit? Are you planning on … (3 comments)
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