Huston55
Thinks s/he gets paid by the post
Background: Property appraised at $120k being passed as part of an estate, half to me and half to a sibling, currently rented using professional mgt. and netting $9k/yr positive cash flow.
Hypothetical: Should I buy sibling's half ($60k) and retain as a rental; $9k/$120k = 7.5% inflation adjusted, tax deferred annual return. Or, should I sell with sibling and invest my half elsewhere?
Comments welcome.
Hypothetical: Should I buy sibling's half ($60k) and retain as a rental; $9k/$120k = 7.5% inflation adjusted, tax deferred annual return. Or, should I sell with sibling and invest my half elsewhere?
Comments welcome.