Great Grandma is in California. She's 95 and was just moved to an assisted living home. The monthly for this is $3k. She has savings of around $20k, receives social security and a little bit of VA money each month. Her house is worth about $450k and nothing is owed. Annual taxes are about $700. Should she sell the house and have a money manager invest the proceeds or rent it out which would bring in aprox $2,500 a month prior to any rental management fees.
Thank you for your input.
Submitted January 07, 2017 at 12:53AM by dpk1974 http://ift.tt/2iSpalz
