Hey Guys,
Just finishing of the build of my place and now comes the decision, Sell or Rent my current home....
If I sell I should walk away with just over 100K to throw into my new mortgage
If I rent I'll be making $450per month to cover Management, Insurace, Rates, Taxes, etc but will need to be coming up with $300-$400per month on my new place.
Also how do I go down the track with Capital gains, say I rent and in 12 months just want to offload it would I be hit with a tax bill?