When my grandpa passed years ago, he left me a 3br/2ba house currently appraised at about $160k. It has been rented out ever since, and the money was used to pay for my college education. I’m now in my mid-20s and finally graduated last year with an art degree (not the best choice, I know). My student debt is fairly low at about $6,000. I'm just getting my life started and not yet financially savvy.
My current life plans are to start a career in marketing and hopefully move to a big city next year like DC or NYC. The high cost is the only thing that I’m worried about.
The house is rented for $1,000/month right now. How can I use this asset to my advantage and use it to help me achieve my goals, such as moving to a big city? Tips are greatly appreciated.
Edit: thanks for all the great responses so far! This is very helpful. I’ll respond when I get the chance.
Submitted October 20, 2018 at 12:20PM by ShinyLaprass https://ift.tt/2R6ShiL
