Hi,
I inherited a small house from my parents that was built in 1970. The house is located in Northern Ca and has gone up 900% from when it was first purchased. The house is paid off and after all fees and taxes I receive about $300 in rent each month. Although we have nice renters, the house is in need of repairs more and more. I'm wondering if this "investment" is maxed out at this point and if I should sell rather than put more $$$ into it only to cut into my slim rent check…..what do you think?
I inherited a small house from my parents that was built in 1970. The house is located in Northern Ca and has gone up 900% from when it was first purchased. The house is paid off and after all fees and taxes I receive about $300 in rent each month. Although we have nice renters, the house is in need of repairs more and more. I'm wondering if this "investment" is maxed out at this point and if I should sell rather than put more $$$ into it only to cut into my slim rent check…..what do you think?
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