Hi all,
Long time follower of AAM here and have found the information really useful over the years, thank you...
I now have a direct query pertaining to an investment I am considering.
Background
Employed sal €93k
Wife home maker
3 kids 13, 9, 6
Own home no mortgage no other debts
Current investments
Hse 1 Bought for €96k in '16 mortgage of 15 Yrs for €55.5k Rent €11k/yr
Hse 2 Bought for €111 in '16 mortgage of 15 Yrs for €55.5k Rent €11k/yr
Savings €130k
Life cover €237k dual lives convertible
Serious Illness Cover €70k
Pension Fund currently €225k. Currently putting in max 25% salary via AVC Company contribute 6%.
Looking at the following
Hse 3 Purchase for €130k mortgage of 20yrs Yrs for €91k Rent €11k/yr
Apt 2bed purchase for €95k mortgage of 20yrs for €66k Rent of €6k 90% Section 23 relief available.
Is this a sound investment or is Hse 1&2 enough of property assets?
Any advice would be most appreciated.
Rgds
Atport1
Long time follower of AAM here and have found the information really useful over the years, thank you...
I now have a direct query pertaining to an investment I am considering.
Background
Employed sal €93k
Wife home maker
3 kids 13, 9, 6
Own home no mortgage no other debts
Current investments
Hse 1 Bought for €96k in '16 mortgage of 15 Yrs for €55.5k Rent €11k/yr
Hse 2 Bought for €111 in '16 mortgage of 15 Yrs for €55.5k Rent €11k/yr
Savings €130k
Life cover €237k dual lives convertible
Serious Illness Cover €70k
Pension Fund currently €225k. Currently putting in max 25% salary via AVC Company contribute 6%.
Looking at the following
Hse 3 Purchase for €130k mortgage of 20yrs Yrs for €91k Rent €11k/yr
Apt 2bed purchase for €95k mortgage of 20yrs for €66k Rent of €6k 90% Section 23 relief available.
Is this a sound investment or is Hse 1&2 enough of property assets?
Any advice would be most appreciated.
Rgds
Atport1