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> Someone that inherits property doesn't automatically mean that he/she is rich. That depends on the value though. They could be asset rich, and (very) cash po
by charlesdm 10y ago
> Someone that inherits property doesn't automatically mean that he/she is rich.
That depends on the value though. They could be asset rich, and (very) cash poor. That's a tough spot to be in. Arguably, that could even be worse if you can't sell them. But you said the apts are currently worth around €300k each?
Is there no way to unlock cash from them, e.g. by renting them out at €1,000 a month or by taking out a €100,000 bank loan against them? Alternatively, how about AirBnb? I know a guy making good money with a small business renting out several AirBnb apts in a popular city. That way you would at least not have to sell them.