Hi all.
I have been looking at a number of houses the last few months and I have come across a house which I am interested in from an investment potential point of view.
The house is close to amenties and services and the location is very good.
The house is currently on the market for €99k and when I viewed the house, the EA said that they had an offer of €74k on it.
I am a cash buyer however I am pretty much a novice in regards to property investment scene.
The house would rent for between €800 - €900 per month, however it needs a small bit of work, to bring it up to scratch...
The EA has said that the owner is willing to accept the offer on it at the moment and is looking to take a deposit.
Do you think that this is a good investment? How do you know?
If you were going to put in an offer, how would you do it and for how much?
What are the expenses that would be incurred in regards to buying a house and how much are they?
Thanks for all your help!!
I have been looking at a number of houses the last few months and I have come across a house which I am interested in from an investment potential point of view.
The house is close to amenties and services and the location is very good.
The house is currently on the market for €99k and when I viewed the house, the EA said that they had an offer of €74k on it.
I am a cash buyer however I am pretty much a novice in regards to property investment scene.
The house would rent for between €800 - €900 per month, however it needs a small bit of work, to bring it up to scratch...
The EA has said that the owner is willing to accept the offer on it at the moment and is looking to take a deposit.
Do you think that this is a good investment? How do you know?
If you were going to put in an offer, how would you do it and for how much?
What are the expenses that would be incurred in regards to buying a house and how much are they?
Thanks for all your help!!