R
It should easily rent for about 1,000 per month in rental income
Do you own your own home?
"investing" in your own home makes much more sense. Any gains will be exempt from CGT.
If you have borrowings for an investment property, you will find it difficult to get a mortgage later if you do want to buy your own home.
Brendan
If it rented easily everyone would have one. Trust me when I say there is nothing easy about the rental market.
You also have to factor in the additional costs of:
Management Company if in an apartment complex
Advertising / Letting Fees / Legals
Upkeep and Maintenance of the property (heating system etc)
Insurance (Property and Mortgage Protection)
Bank Charges
Property Taxes ( incl the €100 and also the Non Principal Property Tax)
Property Taxes coming down the line
Accounting and Tax Returns
YOUR OWN TIME
and the biggest cost of them all is the cost of an empty apartment
You could be lucky and have the best of tenants who decide to rent from you for 5/10 years and nothing ever breaks and they give you no problems at all but then you could also be lucky enough to win the lotto!!!
Like all investments there is risk and you have to weigh it up.
As they say the value of your investment may fall aswell as rise.....
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?