Disagree rating mate…It really depends on the purchase. There’s a savage yield at the moment on apartments.
If you can buy one for 70-80k and get 800 euros a month you’re winning.
Has your mate looked on daft? Any amount of properties in and around and under 140k that have been on market months. Won’t be bidding wars on them.
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That’s because they’re in shitholes. Would you get 800 a month for renting out a terraced house on the Dublin Rd? I don’t think so.
Nice mate…best of luck with the purchase.
Far better having an asset then paying some cunts mortgage.
At that price your not going to make a loss either when you upgrade, not a chance.
Anything less than 10% isn’t worth the hassle IMO. You get half after tax, then there are costs, lost rent, hassle with tenants etc. I’d need about 15% myself.
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Throw up a basic yield calculator there?
Yields in finance afaik are calculated by the price of a property multiplied by the cumulative monthly rent over 12 months mate.
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Are you moving in with the bird?
Rent - Mortgage = Profit
The only calculation that matters is whether it’s cash flow positive. As others have pointed out tax is your enemy. Not familiar with current tax law in Ireland but in the US you can depreciate not just the value of the property itself but also any improvements. Tenants can also be an issue, imagine some of the cunts on here moving in. If it works anyway similar to the US the way to go is to buy a fixer upper in a relatively good area (good tenants who won’t cause you bother want to live in good areas), fix it up using a contractor who is imaginative with billing, and the depreciation should keep taxes at a minimum.
As an aside where are you going to get decent yield elsewhere? Real estate is about the best there is right now.
In the land of a roaster maybe kid.
Beware of the taxman.[quote=“Mac, post:1309, topic:19965, full:true”]
Rent - Mortgage = Profit
[/quote]
There was a bit of recovery today after a bad week, the markets were up in March and April after a horrible start to the year.
Everything is about oil, it’s crazy how important that commodity is to the world markets.
Actually dictates wars too and when they happen, that’s the horrible thing about it.
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It’s a dead cat bounce, a bit like the recent cat burglars moment in the sun. The oversupply issues are still there with oil, just speculators driving the price up recently. Now that the market is sobering up to the fact the Fed will actually raise rates in June (their classic mistake, raising rates as the economy enters recession) it’s shaping up to be a rough summer.
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Is there a bed in the back of the tram where he could take a nap?
Lads there’s kips going for a hundred grand or so up around tallaght. You could get someone in on the hap scheme for 1400 a month. Guaranteed by the local authority for two years with the option of extending to ten. Would buying one of these places and putting a small few quid in to do them up be a good investment? You would have to be a little picky who you rent to but there’s no problem getting that money of the council. Thoughts?
Cat Burgular 
That fracking bollox acting made OPEC act swiftly to try and knock them out of the market. Although OPEC seem like angels environmentally in comparison to those fuckers.
Saudi will never shake hands and do a deal with the Shia’s that’s the major stumbling block there, Russia will back Iran, and the US will back the other crowd it’s funny really.
Geopolitics are intrinsically linked through oil pipe lines.
You could be right about the DJ & the Nasdaq, they’ve had 8 great years now and are due a burn, hopefully not for our sakes though and FDI.
Have you heard the bluster and pure spoof tactics going on here re variable mortgage interest rates vs what the European average is (lets say Germany)
We are being mugged off repeatedly by the so called Kaiser around here for the sake of their bank share prices…fucking joke altogther.
Variable mortgage rates in Europe right now are a minefield. The banks are stuck with negative interest rates so are desperate for income. The only direction variable rates can go up is up, fixed rates though are quite attractive. It might be a generation or even two before we see long term rates where they are now.
How can the retail banks here now in fairness in anyway backup an interest rate hike. We’re double hopp in comparison to our supposed EU partners…the game is fucking rigged.
It’s a fucking joke. 4.5% variable rates been charged on new mortgages where would you see it, not in Germany were it’s half that.
Michael Noonan is a fucking disgrace imo…what he has let happen is wrong, no one can stand over it.
You’ll be very happy with 4.5% in a few years. Variable rates are a ticking timebomb. Noonan is a stooge. Cunt was delighted to be back in power so he could rape everyone who had absolutely nothing to do with the collapse. He would have been a fine lieutenant in the third reich.
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