ASK271: I’ve had great growth - now should I sell or rent? PLUS: How do I get a job in lettings?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 9 February 2021
⏱️ 8 minutes
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Summary
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| 0:00.0 | Hello everyone and welcome to Ask Rob and Rob, the show where you get your normally |
| 0:12.2 | property questions in and we do our very best to answer them. |
| 0:16.0 | Now this show is a normal episode because they are property questions and two very good |
| 0:20.4 | questions at that. |
| 0:21.7 | But before we get going, let's give you a quick reminder how you can get your questions |
| 0:25.7 | in to the show. |
| 0:26.7 | Here all you need is these numbers in this order, 0138083035, that's 0138083035 or you |
| 0:33.8 | can dispense with numbers completely and just go to propertyhave.net slash ask. |
| 0:37.6 | Either way, leave us a voicemail, get your question in, just like Des did. |
| 0:42.0 | A Rob and Rob, thank you very much for doing these podcasts to find them really helpful. |
| 0:45.8 | My name is Des, listen to your podcast the other day on exit strategies. |
| 0:49.9 | What I'm interested in is I've got a probably that have held for about 15 years, I bought |
| 0:53.6 | it for £80,000, it's probably now worth around £200,000, but it's mortgage that £150,000. |
| 0:59.8 | Obviously I've remodeled it to invest elsewhere and I've kind of done okay with that. |
| 1:05.0 | I guess my question is should I sell it or should I rent it? |
| 1:08.0 | It's a leasehold property, got 90 years left on it, I'm mindful that if I sell it, I'll |
| 1:12.5 | be liable for capital gains so may not be able to take much out of it. |
| 1:16.1 | So should I just rent it knowing that my mortgage is £280,000 on the plus costs and my rental |
| 1:21.9 | income is probably around £900 a month less cost, so I just really appreciate your insight |
| 1:26.9 | and yes or no as to whether I should hold or whether I should sell. |
| 1:31.1 | So anyway, great job guys, will you appreciate it and go forward to hearing from you. |
| 1:35.1 | Thank you for the question, Des, and what I love about this is it's such a great example |
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