fistophobia
Registered User
- Messages
- 354
Classic rookie mistake made by a lot of small-time landlords.Because yields after tax are not worth the risk of a dud tenant, particularly given very expensive BTL finance, CGT @33%, and pretty heavy rent controls.
So in your view, companies who borrow money to, say, purchase new machinery to speed up production are making a mistake?You never borrow to invest.
Did you never have a mortgage? Do you own a house?I have never borrowed any money, would cause me sleepless nights.
I think leverage of 30% or so across a BTL portfolio is fine, both for the investor and the lender.You never borrow to invest.
Classic rookie mistake made by a lot of small-time landlords.
You never borrow to invest.
I know a guy who has 5 properties, a few are flats in Limerick, think Gardiner Street type of location.
He bought for 40K each, does all the letting, maintenance himself, and has done well, income and capital appreciation.
One was bought at auction, without being able to view - he found tenants in the basement. I wont go into the gory details.
I disagree. The uncertainty and potential massive reduction in asset selling price if SF bring in a policy whereby landlords cannot sell a property with vacant possession, that overrides a 2% BTL rate.If ou could get 2% BTL finance of up to 50% LTV you would see a lot of small-time landlords returning.
If I had €200k and say borrowed €200k more at 2%, bought two apartments yielding 10% (achievable).that overrides a 2% BTL rate.
Were these losses made by "financial professionals" in the IFSC by any chance.I have seen fortunes lost in CFD trading, on my watch.
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?