Another sell or keep investment property?

[PebbleBeach2020]

The 7k profit there is a risk and the 2k profit if you want to call it that from paying 65k off his mortgage is risk free.

 

[Baby boomer]

The 7k profit there is a risk and the 2k profit if you want to call it that from paying 65k off his mortgage is risk free.

True. But given the overall health of the OP's finances, it's appropriate to take that level of risk.

There's always a trade off between increased risk and increased return.

 

[Baby boomer]

The 7k profit there is a risk and the 2k profit if you want to call it that from paying 65k off his mortgage is risk free.

True. But given the overall health of the OP's finances, it's appropriate to take that level of risk.

There's always a trade off between increased risk and increased return.

 

[Kerrygrrrl]

Thanks everyone for your views. In the process of organising for it to be painted, carpets cleaned etc so we will look to rent it and see if we like any of the prospective tenants! Agree with the view that the key is ensuring the tenant can afford the rent.