Thanks Protocol. So rental profit then is 12k which is a yield of 5.5% which is pretty good.To calculate rental profit, you deduct interest from the rent.
75% of mortgage interest is allowed as a deduction.
You don't deduct the mortgage repayment.
Thanks Brendan, I think you are right and hopefully I can reduce some of the risks by using a good agent and keeping on top of rent increases.Hi smarts
It's fairly clear to me that you should retain your apartment and rent it out.
..............
...............
So rent out the apartment and charge as high a rent as possible as you will be able to increase it by only 4% a year.
Brendan
Yes putting it on deposit is not really an option. I looked at ETFs but the exit tax is too high and I don't want to pay high fees to a fund manager etc. I generally just aimed to have a diversity of sectors and regions and balance the risk levels by having a mix of small/large cap, high growth, value, industrial etc. I'll track my performance and see how it goes, may end up handing over to a professional if I don't perform well.So with the ball of money from the sale why did you go the stocks options. I presume you looked at deposits and said nay. Also when you decided to invest what was the requirements you gave yourself in terms of investment and spread
Yes putting it on deposit is not really an option. I looked at ETFs but the exit tax is too high and I don't want to pay high fees to a fund manager etc. I generally just aimed to have a diversity of sectors and regions and balance the risk levels by having a mix of small/large cap, high growth, value, industrial etc. I'll track my performance and see how it goes, may end up handing over to a professional if I don't perform well.
€286k. I earned about €37k in rent before I sold though.Thanks for coming back, it is always interesting to see how things work out.
You considered selling in May 2017 at €295k, you eventually sold something more than 18 months later.
The question that arises is not how did renting work out, but what happened to the selling figure.
Another update to my adventures in investing.......I managed a basket of about 35 stocks from Feb 2021 to May 2022. At one stage I was up 30% and it all seemed so easy and fun! Of course 2022 was much more difficult and I learned how hard investment decision making is. I ended up liquidating most of my portfolio and didn't make anything but at least I didn't lose my shirt. So now am sitting in cash with a plan to buy ETFs later in the year.Yes putting it on deposit is not really an option. I looked at ETFs but the exit tax is too high and I don't want to pay high fees to a fund manager etc. I generally just aimed to have a diversity of sectors and regions and balance the risk levels by having a mix of small/large cap, high growth, value, industrial etc. I'll track my performance and see how it goes, may end up handing over to a professional if I don't perform well.
My overall situation has changed a lot since my original post in 2017, I am back in Ireland but not planning to live in the city again. My objective now is to invest for growth hence the attempt at self-directed stock picking, next try is ETF index trackers.@smarts
I'm not sure what your objective was exactly. Over six years you're not down in cash terms for sure.
But at the same time you're not hedged against Dublin property anymore, and don't have a base for if you ever want to come back.
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?