R
redmarker
Guest
Im thinking of buying an investment property for about 120k. It should easily rent for about 1,000 per month in rental income and the cost of the mortgage from what i can see is about €680/700 per month over a 20year term(assuming deposit of 13k). Im 27 and curently have no other borrowings. Similar properties in the area have been sold for around 120k recently.
Am i mad to be considering this or do you think it is a worthwhile investment? Or should i expand my ideas and look to investing elsewhere?
Am i mad to be considering this or do you think it is a worthwhile investment? Or should i expand my ideas and look to investing elsewhere?