Kimothy Mack
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Inherited a house across country from my job and in a high COL area. Family member wants it (I don't). House could use some modernization, but is otherwise solid. Roof and plumbing completely redone five years ago. What's a reasonable discount for family? Appraisal much higher than expected.
10:39 AM - May 01, 2023
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Jim Flanigan
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In response to Kimothy Mack.
I’d consult with any realtors you may know and possibly a tax advisor. There may be a tax consequence for you buried in all of that.
10:52 AM - May 01, 2023
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Kimothy Mack
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In response to Jim Flanigan.
Good point. I didn't even think of the tax consequence. Ugh.
11:22 AM - May 01, 2023
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ADRIAN BROWN
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In response to Kimothy Mack.
There's no single answer to that. It depends on your relationship with your family, and your relationship with money.
10:49 AM - May 01, 2023
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