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Reply to "Inherited parent's home. Rent or sell."
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[quote=Anonymous][quote=Anonymous]Hijacking this thread b/c I will likely have this scenario (god willing not any time soon! But, at some point (not soon!!) I guess). The home I would inherit is paid off and in nice part of San Diego (worth 1.5 million or so). Sell? Rent? keep as second home??[/quote] I would only keep it if I thought I would use it regularly or move there in the relatively near future. However, California tenant protection laws make renting there especially problematic (make sure you can get your house back when you’re ready). Selling and investing and buying when you’re ready could still make sense of its going to be decades — you’re really only saving transaction costs. [/quote]
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