schoodles said:would it be a wise move to invest in a property for rental income which will pay the mortgage.
redo said:At this point in the property market, it is as wise a releasing equity to buy shares in a company, say for example, Eircon.
Not unless you consider all the options first (e.g. equities etc.) and determine what sort of investment is most suitable for your specific needs at this point in time. Note if you own your own home then investing further in Irish property is putting most or all of your eggs in one basket (i.e. a single asset class, risk/reward profile, geographic region etc.) and, as such, implies more risk than spreading your investments across a more diversified portfolio of assets.schoodles said:would it be a wise move to invest in a property for rental income which will pay the mortgage.
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