I know someone in the following situation:
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Principal residence: - Worth €450,000 - €500,000, mortgage approximately €60,000
Investment property One (apt): Worth €260,000 to €280,000, no mortgage, rental income €800 p.c.m
Investment Property Two (house): Worth €200,000, mortgage about €160,000, rental income about €650 p.c.m
Investment Property Three (apt): Worth €215,000, mortgage €230,000 (because only purchased recently), rental income about €750 p.c.m
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Personally, I think this person could be doing a lot more with their property investment, but I lack the financial know-how to see exactly how.
Any ideas?
Thanks
Gross annual salary, without considering rental income, is approximately €90,000
Gross annual salary of partner is €20,000
Title edited by ClubMan.
___________________________________________________
Principal residence: - Worth €450,000 - €500,000, mortgage approximately €60,000
Investment property One (apt): Worth €260,000 to €280,000, no mortgage, rental income €800 p.c.m
Investment Property Two (house): Worth €200,000, mortgage about €160,000, rental income about €650 p.c.m
Investment Property Three (apt): Worth €215,000, mortgage €230,000 (because only purchased recently), rental income about €750 p.c.m
____________________________________________________
Personally, I think this person could be doing a lot more with their property investment, but I lack the financial know-how to see exactly how.
Any ideas?
Thanks
Gross annual salary, without considering rental income, is approximately €90,000
Gross annual salary of partner is €20,000
Title edited by ClubMan.