Hi,
My current home in Galway City (1 Mile from Eyre Square) has the potential to pull E25000 aprox rent, (5 bed Detached with Granny flat) Granny Flat makes E600 a month Rent alone, I owe about E90000 on it and approx worth is E450000 , I earn approx E25k Salary.
I am Interested in Moving to the country and buying a property Around the E300k price range, the way property in galway city is rising I think I should try and hold onto the house here and maybe rent it out totally.
Any Ideas on what my options are ? , would I be crippled with mortgages? or would I be better off buying for cash with no mortgage?
Cheers for the Advice!