Living in greenwich as an analyst?
Junior here currently in a BB internship (one of the less grindy top BBs). My father very recently passed away. My parents are divorced and I was his only child, so I have inherited a pretty nice place in Greenwich about a 1 hour morning drive to the city. Of course, I could enjoy the step-up tax relief (reset cap gains on inherited property), but I really like the house, know my neighbors well, and I don't have the time to properly invest in selling it. I go to school in chicago, so not gonna be using for the next year anyway.
I am not very knowledgable about real estate at all, so looking for some advice.
The way I see it, I have 3 options:
- rent it out for the foreseeable future (and rent in manhattan) though this might not be viable for the price range of the house. Not sure who'd be renting at that value. Plus probably going to damage my relationship with the neighborhood.
- Keep it idle for the next year and then live in it when I work as an analyst and beyond.
- Sell at my leisure in the next year or so (don't really see it as a great investment at my current age and desired risk profile).
My main concern is, is it at all viable to have a 50+ minute commute as an analyst?
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