That's really the key question in my opinion.I will not sell unless I know what I am going to do with the sale proceeds.
I am considering if I should sell an investment property.
After CGT and fees I would probably get €130 to €140k. There is no mortgage.
I get €12,600 rent annually. It is in an RPZ. The property is newly renovated, maintenance costs should not exceed €1,000 per year. Insurance and LPT costs together are less than €500 There are no management fees or agents fees.
I have significant other exposure to property.
My timescale is long term. I hope to have some assets in my will.
What other factors should I consider.
I will not sell unless I know what I am going to do with the sale proceeds. €10k pa would probably be my max pension contribution.
Any advice suggestions welcome.
It might be an idea for you to do the money makover thread. You could do it under a different username if you prefer, it's something I've considered doing.
When you figure out what better use you can put the €130 to I'd be very interested !
Does your exposure to property matter if your mortage to value is ok and if the rent is covering the mortgages and other costs.
It might be an idea for you to do the money makover thread. You could do it under a different username if you prefer, it's something I've considered doing.
I feel I'd like to come to it clean. With no prejudice as to who I'm perceived to be based on my posts. With no gloves on just because I have a relationship with posters from being on here a long time.You are anonymous posters! We don't know who you are anyway!!!
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