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€75k to spend, where to buy a property with a good btl yield (7%+)

  • 14-11-2013 11:56am
    #1
    niamh4626
    Registered Users, Registered Users 2 Posts: 305 ✭✭


    Hi all,

    Short and sweet, I've €75k to spend. Where in the country is the best place to purchase a btl property at the moment. I don't particularly want to buy an apartment - it preferably has to be a house. I'm thinking Cork, Limerick or Galway.

    Don't mind superficial work but want a sound structure.

    All opinions welcome.

    Thanks


Comments

  • #2
    Moonbeam
    Moderators, Education Moderators, Society & Culture Moderators Posts: 18,986 Mod ✭✭✭✭Moonbeam


    Well in Limerick near either of the colleges. There is some really good value around Castletroy.


  • #3
    D3PO
    Registered Users, Registered Users 2 Posts: 7,879 ✭✭✭D3PO


    maybe do some research yourself ? Not trying to be smart but I wouldn't be coming online taking randomers opinions on where is best to get a yield.


  • #4
    niamh4626
    Registered Users, Registered Users 2 Posts: 305 ✭✭niamh4626


    Hi D3PO, obviously I will be doing my own research, it nice to get a couple of opinions from other investors so I can use them as a starting point.


  • #5
    D3PO
    Registered Users, Registered Users 2 Posts: 7,879 ✭✭✭D3PO


    well the first thing to ask is the 75k the total investment your putting in or the cash component of the investment with mortgage covering the rest.

    the total spend will have a big bearing on what opinions can be given.


  • #6
    niamh4626
    Registered Users, Registered Users 2 Posts: 305 ✭✭niamh4626


    Hi, 75k cash. We don't want to get tied into a mortgage.


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