Bought a house with a buddy a couple of years before the crash. We've managed to hang on in there, we're renting the property and its covering the mortgage. I believe we're now out of negative equity, and with the rent situation, we're making a small profit each month, of course this goes into a slush fund.
Couple of questions... now go easy, investing and the like, I'm cluesless
1. would you recommend holding on to it for another 10 years or so, or get out while the goings good? We're on a tracker, 1.1% + ECB
2. what's the deal with capital gains tax if we sell, we pay a % of the profit made?
3. how much are real estate agent fees?
4. do I need to be physically present in the country if we sell?
cheers
Couple of questions... now go easy, investing and the like, I'm cluesless
1. would you recommend holding on to it for another 10 years or so, or get out while the goings good? We're on a tracker, 1.1% + ECB
2. what's the deal with capital gains tax if we sell, we pay a % of the profit made?
3. how much are real estate agent fees?
4. do I need to be physically present in the country if we sell?
cheers