Hi folks. Longtime lurker ...
I am in a position of having some money to invest. As part of that I am thinking of purchasing an apt in Limerick.
The apt is 2 bed, close to the city centre, and priced at around 50k.
I am from Limerick originally but now live in the UK.
A few questions:
1. What is the rental market like in Limerick for two bed apts?
2. I am happy to do this properly ie register etc, so I assume I need to do an Irish tax return?
3. Property is being sold through a receiver. Not sure if it is Nama related or not. I have a price in mind and will happily walk at look elsewhere if they won't play ball. Should I be worried about the receiver bit though?
4. I'm assuming that management and water charges are paid by the tenant? Management charges are high at circa 1300 a year.
5. Any other advice greatly received.
I am in a position of having some money to invest. As part of that I am thinking of purchasing an apt in Limerick.
The apt is 2 bed, close to the city centre, and priced at around 50k.
I am from Limerick originally but now live in the UK.
A few questions:
1. What is the rental market like in Limerick for two bed apts?
2. I am happy to do this properly ie register etc, so I assume I need to do an Irish tax return?
3. Property is being sold through a receiver. Not sure if it is Nama related or not. I have a price in mind and will happily walk at look elsewhere if they won't play ball. Should I be worried about the receiver bit though?
4. I'm assuming that management and water charges are paid by the tenant? Management charges are high at circa 1300 a year.
5. Any other advice greatly received.