I started to study away from home, at the moment I live in my own flat and get everyday by car or train to the university. Its very time consuming as i need about 4 hours everyday only to get there and back. I want to move to my university to have more free time.
Now I'm trying to figure out what to do with the flat. I could sell it for 85k, take 15k to help pay rent, take a job and live that way. The rest could be invested in (???) for 5-10 years.
I could keep the flat and rent it to a friend, that would net me around 350-400 each month, but I would have to pay if anything gets broken in the flat, and if he decides to move I would have to search for a new person to rent it to (And no cash flow it is empty for a few months which I rely on to pay my bills). If I have no luck and "bad" renter would move there will be trouble and I want to avoid this, as I want to spend most of my time to study not to manage the flat. After getting my degree I would then sell the flat. (I'm sure I would move again in there).
From a financial standpoint, with one would make more sense? Is it true that a financial crisis is ahead and now is a bad time to invest?
Is it possible to invest all the money and live from the monthly dividends?
The plan is to have the least trouble with managing the and to have a constant stream of income.
The flat is in a relative new building from 1994. Good management, perfect location and around the city is a massive industry so employees like to move here. I'm sure there wont be any drop in value, it's more likely that it would gain value