thefridge2006 wrote: » An agent might only be paid after they find you a tenant(once off payment) and the 50% will still need to be paid on the money received from the Council..... Just because the money is coming from the Council, doesn't mean its tax exempt.
fliball123 wrote: » Well the only thing I will say about your comment is that yes we will see anything can happen. But someone with a rental and having difficulty renting it out currently has the final option of giving their property to the government and getting 80/85% of the rental value for 20 years +
nerrad01 wrote: » has there ever been any talk of taxing the reit`s? its such a crazy situation made even more crazy by them holding onto so much vacant rental properties to hold prices up.
Mic 1972 wrote: » How does that work? is there any link to how this can be arranged?
fliball123 wrote: » Here is a link to the different schemes and how you can see which one suits the particular landlord besthttps://www.housingagency.ie/housing-information/information-property-owners-and-landlords
JimmyVik wrote: » If an agent is looking after the property they are taking about 10% plus vat every month from the rent. Plus as you say their finders fee. So just to do some very rough numbers here. So lets say you normally rent a propery out for €10k per year via an agent. Lets just take 10% as what goes to the agent. On profit of 9k (we will ignore all other tax deductable expenses for now just for this comparison, as the majority are applicable to both LTL scheme and regular rental) Taxed at 50%, that leaves you with €4.5K LTL scheme They will give your 85% on a 20 year lease. €8500 Taxed at 50%, that leaves you with €4250 Now you can take away all the expenses and hassles that you wont have with LTL, its looking good to me. Not exact figures tbf, but you can see how after tax and expenses there really isnt much in the difference.
thefridge2006 wrote: » But does this not strengthen my argument? Small time investors, who have a mortgage on it and aren't making money in the game anymore and if they reduced their income by 12/20% more, its just not worth while anymore and might even be losing money on it especially if they have lost their job....
Donald Trump wrote: » Investment always has some form of risk. Sometimes you win and sometimes you lose. Sometimes you "win" but you really lose relative to other investments you could have chosen. There can't really be a special consideration given to "small time investors" who buy houses to rent out. If they don't understand the risks, or don't have the capacity to manage or hedge those risks, then that's their own problem. I honestly don't mean that to sound harsh
thefridge2006 wrote: » I totally agree but I'm about why this would be a reason for more people selling and why renting it to the council wouldn't be a option for most
PropQueries wrote: » I would say that many of the bigger build-to-rent investors are most likely in active negotiations with the councils at this stage regarding leasing their apartments in bulk. If not, they're nuts IMO. But, there can only be so much in the budget so it will be interesting to see if the bigger investors soak up all the available allocated cash before the smaller investors get their foot in the door.
Claw Hammer wrote: » The bigger buy to let investors would be nuts to renting their property to the councils. The whole idea of the bigger buy to let investors is dealing high calibre professional tenants at top dollar rents. That way they have the maximum value of the property and it can be sold on easily to a pension fund or the like. No pension fund will want to buy a development where the majority of the occupants are council tenants.
Timing belt wrote: » Ulster bank update as per Q3 results ‘Our strategy to grow our Ulster Bank business in the Republic of Ireland organically and safely remains unchanged. We continue to evaluate the impact of Covid-19 and the challenges to the economy and we are reviewing our strategy appropriately and responsibly in light of these events. In the event of any changes being made to our strategy, these would be undertaken with full consideration of any impact on customers, colleagues and shareholders in the first instance. Our priority now is to continue to remain focused on supporting our colleagues in serving our customers in these difficult times. As at Q3 2020, Ulster Bank RoI had approved over 17,000 payment breaks and, of those who have rolled off their initial payment break, approximately 46% have opted for a second payment break, representing around 8% of the lending book by value.’
brisan wrote: » Irish landlords have in the majority of cases expected to make annual profits off an investment that goes up in value every year and kick up when this does not happen At the end of every advertisement for investments it will say The value of your investment can rise or fall Some people do not think this should apply to the rental market
random_banter wrote: » I’ve just been taking a look at the property price register for various homes I was following this year and that were sold, and happened to notice these values (attached) for new homes in the Beech Park development in Cabinteely. Would anybody be able to explain what the values marked €365,520** represent? When I asked about these, they were starting at circa €560k. Thanks in advance.
silver2020 wrote: » I think one tabloid (or the indo which is tabloid in all but style) had some sensationalist report about unrented apartments. It was debunked within days.
outland1985 wrote: » Does anyone think house prices in dublin will fall over the next 12 months, because of lack of supply at the moment they seem to be holding steady. I'm hoping to buy soon and am wondering should I hold off for a while, I suppose no one has a crystal ball bout would be interesting to see what people think. Also do prices generally go above the asking prices and by how much?
Pelezico wrote: » This thread has been addressing this subject for almost a year now. You can start on page one and by the time you get to the end, I doubt it very much if you are any wiser.
brisan wrote: » Over 2000 apartments to rent (many with multiple units in one complex) in Dublin city alone would seem to suggest that there is indeed a lot of unrented apartments in Dublin cityhttps://www.daft.ie/dublin-city/apartments-for-rent/?s%5Badvanced%5D=1&s%5Bignored_agents%5D%5B0%5D=1551&s%5Bsort_by%5D=price&s%5Bsort_type%5D=d&searchSource=rental&offset=20
Marius34 wrote: » Those are for rent. It doesn't mean that they are vacant for years purposely.
awec wrote: » Usually it is the houses bought for social housing.
cubatahavana wrote: » That’s a good few houses going for social. It’s not a big development
brisan wrote: » Most new developments would have more than than the legal minimum of social housing ,some substantially more
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