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The Water Cooler
General Discussion
Got a lot going on, could use some life advice?
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<blockquote data-quote="Shoot Summ" data-source="post: 3607303" data-attributes="member: 1055"><p>Have you actually run the numbers on renting your house versus selling it? If you have a significant amount of equity I would bet 3-5 years of a rent stream, and the associated tax benefits would produce more return than parking the money in a low % savings account. The house can also be used for equity to borrow against for your next step if you want.</p><p></p><p>You need to have a sit down with the attorney and get a timeline, and clear closure target for the probate. Also ask for the timeline up to this point. Determine what you Mom has paid so far as well.</p></blockquote><p></p>
[QUOTE="Shoot Summ, post: 3607303, member: 1055"] Have you actually run the numbers on renting your house versus selling it? If you have a significant amount of equity I would bet 3-5 years of a rent stream, and the associated tax benefits would produce more return than parking the money in a low % savings account. The house can also be used for equity to borrow against for your next step if you want. You need to have a sit down with the attorney and get a timeline, and clear closure target for the probate. Also ask for the timeline up to this point. Determine what you Mom has paid so far as well. [/QUOTE]
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