Place
'A dry place,' as in Luke 11:24, signifies states of evil and falsity which are in the life of someone who does the work of repentance.
(Notae: Apocalypse Explained 731)
Inherit
The Lord created us to be separate from Himself, so that He could love us. He thus allows us to act contrary to His will -- to want what is evil and to believe what is false. When we accept the Lord, though -- by learning what's true and determining to live according to it -- we can let Him place inside us a love for what is good. That is our "inheritance.