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True, but in this case despite the emotion and niceness of the property it is better from a returns point of view too so as you mentioned this is another reason to try keep it.

Thanks Brendan, in the interest of exploring all potential options this is an interesting one, the part where I end up with 139k in cash is escaping me but it does seem like a potential workaround for going with Option 1 in my earlier message and still having property 2 in the end.

Dilosk and Finance Ireland, cheers! Just didn't realize you meant it originally under the scope of what I am now calling Option 2. Credit Union was also mentioned to me too, I will check these out.

Thanks for the discussion and info all, it is clearing things up, it seems I have 2 options. Option 1 (Straightforward): Sell property 2, use the proceeds as down payments for purchasing a new property 2 and then a property 3. Option 2 (Still not sure if possible): Find a lender who will allow...

Thanks for all the replies, based on what I've heard so far I think the final paragraph in my reply here is what I'm down to trying to find out about. Is this possible? If so, what might be my options in terms of types of loans, lenders etc.

It's not that I "want" to borrow more money. I have property 2 now, it's paid off and produces cash flow. If I don't do anything then in 20 years I will still have property 2 paid off and it will still (hopefully) produce cash flow. All well and good. But... If had an option to use somehow...

This "risky strategy" is what I'm trying to figure out. I think you are saying that using property 2 to buy property 3 would be risky? But what I'm trying to figure out are concrete options for doing this, that's if there are any options, risk can be accessed fairly then. What type of loan...

Thank you, I might try speak to a broker about this then.

Thanks, that's a pity about property 1 but it's good to know. Yes, so creating/using leverage to buy more properties is what I am looking into. I have approval in principal for 2 buy to let properties but these are based on a standard 30% down payment in cash so I could indeed do as you...

Thank you, I will definitively look into Credit Unions and top up loans.

Cheers guys but I think the potential risks and pitfalls of using leverage fall outside the scope of this discussion. I am trying to figure out potential options before I assess risk.

Hi, I have 2 properties in my name at the moment. Property 1 has an outstanding loan of around €150,000. It has a value of around €300,000. I live in this property. Property 2 has never had a loan in my name, I bought it for cash. It has a value of around €210,000. I rent this property...

Hi guys, I am in a situation where I want to purchase a house for €40,000. I have €20,000 in savings but I need another €20,000 to up the difference. Does anyone know if it is possible to get a loan like this from the Credit Union? I know the loan would be subject to my personal situation but...

Hi, after some advice I received on my last post I have decided to invest 2000 euro every 2 months into a portfolio of 5 ETFs which I have selected already. I opened an account with the broker called DeGiro 2 days ago and transferred money to my account, unfortunately I only now realize DeGiro...

Any update on how safe it is to use Degiro due to the fact they lend out securities to a 3rd party? With the amount of money they have in assets its hard to see them blow up and for everyone to lose their savings. But even tho they are regulated by the AFM and the Dutch Central Bank it seemed to...

To be honest the idea came from a video made by a gamer/investor I follow on YouTube. If you search "woodysgamertag million in 22 years" it will come up. The more research I have been doing I think it may be better to build a more diversified portfolio rather than invest all the money into...

So am i right in thinking that if I was to invest 1000 EUR monthly into an ETF domiciled in the US such as Vanguard VOO, I would have to pay 2 fees to my broker each month: 1. The brokers transaction cost. 2. The conversion cost to convert 1000 EUR to USD?

Thanks for the help I think I will go with Vanguard Voo in that case but ill look into some European based ETF's before I decide for sure.

Thanks for linking to the table landlord it made the tax on ETF's a lot clearer, sorry I cant really answer your question on liquidity. I can see what you mean, adding an extra .4 to the expense fee for hedging is a lot of expense considering currency changes could have little impact, or even a...

I thought it seemed like a better approach. If the S&P 500 continued to perform at around 10% over a 22 year period I would reach my target so I thought selecting an ETF with hedging would reduce the chances of me not reaching my target. Also the "iShares S&P 500 EUR Hefged UCITS ETF" uses...