I have a dilemma.
I recently got a valuation on a property to rent. Which equates to circa $250 profit on my income. If I was to rent out the property I would have no where to live but could live with an aunt (rent free) who I am very close with, however that isn't ideal for a guy in his early 30s.
Essentially I would aim to save again to buy another property.
Financially it makes the most sense to rent now but I'm thinking do I:
a) Enjoy my summer, having my own place etc, wait until summer is over and, research myself and put it on the market.
b) Get it done now while the opportunity is there, rent via a realtor (they take 8%) and use the residual income to put my goal in motion.
Anyone had experience with this?
I recently got a valuation on a property to rent. Which equates to circa $250 profit on my income. If I was to rent out the property I would have no where to live but could live with an aunt (rent free) who I am very close with, however that isn't ideal for a guy in his early 30s.
Essentially I would aim to save again to buy another property.
Financially it makes the most sense to rent now but I'm thinking do I:
a) Enjoy my summer, having my own place etc, wait until summer is over and, research myself and put it on the market.
b) Get it done now while the opportunity is there, rent via a realtor (they take 8%) and use the residual income to put my goal in motion.
Anyone had experience with this?