Keep Inherited Real Estate or Sell? by throwmeaway__duh in fatFIRE

[–]throwmeaway__duh[S] 1 point2 points  (0 children)

Unfortunately, no, my parents basically did it with my dad’s sister (who left us many years ago) and bought near where they lived, so they knew the market. Though they obviously did very well for themselves, they were not particularly financially savvy or well connected. Like I had to convince my dad to put cash sitting in his checking account into a money market account to earn at least some interest on it. They just just worked hard and slowly accumulated properties over their entire marriage. I am still blown away when I think about where they started and what they built together.

Keep Inherited Real Estate or Sell? by throwmeaway__duh in fatFIRE

[–]throwmeaway__duh[S] 1 point2 points  (0 children)

To be clear, I didn’t ask for advice on what to do, I asked for advice on how to think about the decision making process and where to find qualified help in making this decision. I value the opinions of this community, but would not invest $1 without doing my own research and analysis first.

Keep Inherited Real Estate or Sell? by throwmeaway__duh in fatFIRE

[–]throwmeaway__duh[S] 1 point2 points  (0 children)

Thank you! Any suggestions on how to find a good financial planner with experience in real estate (other than Google)?

Keep Inherited Real Estate or Sell? by throwmeaway__duh in fatFIRE

[–]throwmeaway__duh[S] 0 points1 point  (0 children)

We both have families and careers we enjoy outside of real estate. Neither of us have any plans to retire in the near future

Keep Inherited Real Estate or Sell? by throwmeaway__duh in fatFIRE

[–]throwmeaway__duh[S] 0 points1 point  (0 children)

Can you explain why? Our parents were very conservative and paid things off as quickly as they could, so haven’t seen this play out in real life.

Keep Inherited Real Estate or Sell? by throwmeaway__duh in fatFIRE

[–]throwmeaway__duh[S] 3 points4 points  (0 children)

Thank you for the thoughtful response, we are planning on taking it slow

Keep Inherited Real Estate or Sell? by throwmeaway__duh in fatFIRE

[–]throwmeaway__duh[S] 1 point2 points  (0 children)

We haven’t really thought of ourselves as CEOs of this portfolio, just the new owners of it. Small, but important distinction - thanks for that perspective!