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[quote=Anonymous][quote=Anonymous]

My mother passed (I'm an only child) and I'll inherit her house. The house would need fairly significant repairs (cosmetic and, likely, substantive) to sell for max value or rent to a tenant. The neighborhood would be considered poor but has been turning around quickly.

I could sell and likely net ~$150K or rent and net ~$1,000/month in rent (after paying for repairs using the house's equity) with the ability to sale later and collect (completely speculative) appreciation.

Would you sell or rent the place? Any proceeds from a sale would likely just be invested. Same with any collected rent (accounting for building a maintenance fund).

I'm leaning 90% towards selling but acknowledge I may be missing something in my thinking. What would you consider in making a decision?
[/quote]

Assuming the $150K is after you've spent the same amount of money on repairs as you would if you were to rent, that's an 8% rental return. Do you really want the hassle of being a landlord? Also, look at what you can get if you were to sell the house as-is.

I don't know how wealthy you are, but $150K is not a lot of money for many people around here. If the house is close enough, why not fix it up just enough to be used as a family vacation spot? [/quote]

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