A dilemma faced by a client of a friend...
You inherit a rundown $1.5M home in a prime city suburb with river and city views, and move in. You are retired, with no super and little savings to renovate. You have tried to sell the property but there were no takers at what you consider to be a fair price. The rates invoice will hurt when it arrives.
What would you do?
(Not a lot of information I know.
I'm not sure whether it would be attractive to tenants or not.)
cheers, Tony
You inherit a rundown $1.5M home in a prime city suburb with river and city views, and move in. You are retired, with no super and little savings to renovate. You have tried to sell the property but there were no takers at what you consider to be a fair price. The rates invoice will hurt when it arrives.
What would you do?
(Not a lot of information I know.
I'm not sure whether it would be attractive to tenants or not.)
cheers, Tony