I'm now on the third month with no tenant and its seriously stretching the family finances, I'm not actually sure what will will do if we go another month without renting it out. unfortunately the city is flooded with cheap rents so it is very competitive. I wont be going back to work full time for another 3 years as I have a young dd so I have another 3 years of worry ahead of me !
Really, the question is should I sell ?
dp doesnt want me to because he is very cautious, however due to the maintence fees i am making only £40 a month on the rent .
I think if I sell I could make £19,000, if I pay off my debt I would be left with 15,000 to reinvest, would this be better than holding onto the property till i'm 50 and the mortgage then is paid off and I will benefit from either an income from the rent or selling it ?
I reallly dont know what to do and I would appreciate any help ?
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sell my rented flat to invest the money ?
8 replies
prettywhiteguitar · 19/10/2012 12:29
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