I am 40, self-employed, married, with no kids or pension. Joint income is €150K, and mortgage is €250K with 25 years left to run.
I have recently come into some money of €200K, and I'm interested in purchasing a property in Dublin that has come on the market.
Asking price is €390K, and I'm confident of renting it out for €2,200 a month. I am planning on investing €150K of my own money with the rest
secured from a buy to let 25 yr mortgage at 3.75%, costing approx. €1,300/month. I plan to sell at the end of the 25 years and put the
money into my pension.
Has anyone any opinion on this as an investment strategy or would I be better looking at funds/etfs/etc. as a long term investment?
I have recently come into some money of €200K, and I'm interested in purchasing a property in Dublin that has come on the market.
Asking price is €390K, and I'm confident of renting it out for €2,200 a month. I am planning on investing €150K of my own money with the rest
secured from a buy to let 25 yr mortgage at 3.75%, costing approx. €1,300/month. I plan to sell at the end of the 25 years and put the
money into my pension.
Has anyone any opinion on this as an investment strategy or would I be better looking at funds/etfs/etc. as a long term investment?