inharted house?

Question

ok when my grandparents die i get the house my dad was spouse to get they was goig to give me house or give me intrest off the house which do u recomend is wort more an i also have money back i get wen they die they been saving money in it since i was a baby i wana know should i take house or should i take intrest off house i wana know which is wort more house value is 100'000

ok if i take house i dontwana move in it bc poor city poor jobs there nothing there an i wana know now should i sale it rent it an if i do will i have pay something like any type of rule law for me not living in it me having to pay like a fine or something

Answer 1

You need to talk to a tax advisor and estate planner in order to figure out how to minimize taxes and avoid probate, etc.

You might also consider holding the house for 5 years and living in it for 2 out of the 5 years, in order to reduce or eliminate capital gains tax.

A professional will help you sort out these matters.

Answer 2

If you take the interest, you will get four or five percent tops, probably not that much. At five percent, you would get $5,000 a year.

If you take the house, it will not only gain in value, you will save on rent. If you choose not to live there, you can rent it out. Either way, you are going to be getting a lot more than $5,000 a year value.

Answer 3

take the house!!! Real estate is always a wise choice.