Hi,
Have a house in Drimnagh with 6 years left on mortgage, current tenants leave in few weeks . What do people think are benefits of :
1. sell - AVC on pension,, reduce main mortgage invest, put cash aside for kids college (in 2 years time all going well)
2. keep - rent out again - RPZ so rent is restricted...could rent by the room and increase yield significantly.
Costs us around €4k in tax per annum.
Not sure the asset is going to appreciate much more but equally if I take the cash with no particular plan is this foolish?
Appreciate your views please
Have a house in Drimnagh with 6 years left on mortgage, current tenants leave in few weeks . What do people think are benefits of :
1. sell - AVC on pension,, reduce main mortgage invest, put cash aside for kids college (in 2 years time all going well)
2. keep - rent out again - RPZ so rent is restricted...could rent by the room and increase yield significantly.
Costs us around €4k in tax per annum.
Not sure the asset is going to appreciate much more but equally if I take the cash with no particular plan is this foolish?
Appreciate your views please