hellotheremary wrote: »
I am looking to make a decision on whether to invest in a third property or not. Current Financials
Age: 34 (Single)
Salary: 95k (83k currently but secured a new position starting Jan)
Pension: 110k Property 1 (2bd 2bath Apartment - Dublin 9)
Rental Income Per Month: 1750e Property 2 (1bd 1 bath Apartment - Dublin 3)
Living here currently but potential rental income of 1750e
I am thinking I can either:
1. Use savings/stock to pay off some of the mortgages if recession hits OR
2. Even if recession hits I still have 2 apartments (one by airport and one by IFSC) so they are both relatively secure assets and I have enough paid off to not go into negative equity.
3. Sell both apartments and buy a house
4. Buy property abroad
5. Stay away from property and invest in other things with my savings/stock
Any advice please on what I should do?
Static M.e. wrote: »
I'll start off by saying that I'm really impressed with what you have achieved to date. Well done you.
antimatterx wrote: »
I would hoard cash so you can go on the offensive when the downturn hits.