Rental investment questions

S

sixshooter

Registered User
Messages
15
Hi,
I'm looking for some advice on some considerations about property investment.
- I'm thinking of buying a place (about 50 sq m) in D6/D8 to live in for a few years and then to rent out after I move on. I'm caught between buying in a cheaper area that will eventually have higher rental yield when I eventually rent it out and buying in a (more expensive) area that I would prefer to live in for a few years but which would have potentially a lower rental yield. Any general comments/ideas would be appreciated.
- What would be considered some of the pros and cons between buy to let of a small house/cottage (e.g. 50 sq m) and an apartment of similar size (with condominium fees)?
 
Well no matter where an apartment is purchased there will always be Management fees. I can only derive from your original post that you may not be Irish. So therefore I'll offer an opinion. Regardless of where you purchase, There could be some problems. However when purchasing in D8 you might have no other choice than to accept Social Welfare tenants who may thrash your property. Saying this you could easily get lousy tenants in better areas. There are many people out there that see that buying cheap is the road to riches. IMO it's a very rocky road to a major headache if you don't know what you are doing or were you are considering buying.
 
when purchasing in D8 you might have no other choice than to accept Social Welfare tenants
Click to expand...

what utter rubbish, ignore this advice.

No explanation needed
 
I would base the decision on purchasing as an investor only. So I'd probably go for the higher rental yield unless the area was really bad it wouldn't put me off. No idea of the difference between D6 or D8. House versus apartment is a whole debate in itself. Lots of posts on this.
 
Bronte said:
I would base the decision on purchasing as an investor only. So I'd probably go for the higher rental yield unless the area was really bad it wouldn't put me off. No idea of the difference between D6 or D8. House versus apartment is a whole debate in itself. Lots of posts on this.
Click to expand...

House vs apartment is a debate that house wins, for my money
 
You must log in or register to reply here.
Back
Top