The question is around what happens after the Ukranian tenancy.Ukrainian accomodation is outside the RTB registration process. All the info is on the official Govt. website.
If the rent is sufficiently below market levels it could make sense to leave it empty as you could break even in under four years.Apartment so significant renovation not really possible nor is it viable to leave empty for 2 years, needs to be making money from day one.
That could be a runner, I will look into it as would make it attractive in Mullingar and probably come out ahead of a normal tenany in terms of tax.Would there be much in the difference between the tax free €800 and the going market rent rate after tax ??
RPZ rent 720pmIf the rent is sufficiently below market levels it could make sense to leave it empty as you could break even in under four years.
I am curious what you are looking at. Could you give us an example here with:
-RPZ rent
-likely market rent
-asking price
If you leave it empty your breakeven point is a little over 4 years - possibly sooner if market rents rise.RPZ rent 720pm
Likely rent 1350
Good point, had looked at New Ross, but apartment blocks looked very ropey and the older houses were complete gut jobs despite looking alright on photos...part of my problem is budget circa 160k.
Thanks a lot, not sure what issue is with PMs but feel free to post link on this thread
Disabled for new posters to put off spammers.EDITED TO SAY:
I don't seem to be able to send you a direct message? Maybe you have them turned off or something.
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