Hi Everyone,
I'm looking for a little advice , like a lot of people I ended up being a landlord with a property I was stuck with on negative equity
Now with the Environment extremely difficult for landlords I am wondering if I should sell and if it makes any good financial since
The rental looks a bit like this
The house rents for €1,350 per month, its on a tracker mortgage currently paying €920 monthly with €125k left on the mortgage
The house is probably worth about €215k
We have a mortgage on our own home for €115k, house is worth about €400k and no other loans
The big question for me is if its worth teh efort of renting this one property and if I'd be better selling it and investing in something else or just paying my current mortgage with whatever I get from the sale
thanks Reg
I'm looking for a little advice , like a lot of people I ended up being a landlord with a property I was stuck with on negative equity
Now with the Environment extremely difficult for landlords I am wondering if I should sell and if it makes any good financial since
The rental looks a bit like this
The house rents for €1,350 per month, its on a tracker mortgage currently paying €920 monthly with €125k left on the mortgage
The house is probably worth about €215k
We have a mortgage on our own home for €115k, house is worth about €400k and no other loans
The big question for me is if its worth teh efort of renting this one property and if I'd be better selling it and investing in something else or just paying my current mortgage with whatever I get from the sale
thanks Reg