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Hi, I'm looking into buying a second property for investment and was told it was possible provided it didn't cost more than 300 - 317K
5% goes up to 6% what is there not to understandasdfg said:Don't really see the significant of 317K. As an investor you have to pay the full rate.
Rent well is a subjective term.Hi, I'm looking into buying a second property for investment and was told it was possible provided it didn't cost more than 300 - 317K max. Was thinking about appt/house in Tyrellstown or Swords. Has anyone any advice on where's the best places to buy for under 317K that will rent well? Cheers.
I wonder did the OP buy in Swords. Lets look at how this invesment might have performed
Purchase: 310K
Value now: 200K?
So they would have lost about 40K a year on depreciation for a place that now rents for 800pm if you can get it. Nearly 200 properties for rent in Swords now on Daft. Lord help them if interests rates actually come up from their record lows.
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