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19-11-2018, 19:02   #16
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Originally Posted by The_Conductor View Post

Also- the rent you're suggesting- 4k for a 3 bed- and you're suggesting your place would need to be done up- just doesn't ring true. Expensive as rents are- and they are expensive- you're looking at something really really special to achieve a 4k/month rent roll- and the fact that you're saying yours needs work anyway- would suggest your property is not part of that select cachet.
Would second this - 4k for a 3 bed sounds like immaculate condition properties in the likes of ballsbridge etc, which would sell for way more than 550k so either your property valuation is too low, or your rent is overstated. A yield of nearly 9% is very difficult to get in today's market especially for a 3 bed house imo. I would estimate the rent is probably closer to 3k per month if you take a realistic view.
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19-11-2018, 21:20   #17
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Originally Posted by The_Conductor View Post
and you're suggesting your place would need to be done up-
€6,000 could easily disappear redecorating a bathroom, never mind an entire house.
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20-11-2018, 10:23   #18
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Where do 3 beds rent for 4K?
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20-11-2018, 11:28   #19
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Originally Posted by ted1 View Post
Where do 3 beds rent for 4K?
Not many on daft and certainly none that would only fetch €550k

Last edited by fletch; 20-11-2018 at 11:36.
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22-11-2018, 19:03   #20
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As far as I can see, you have only 2 options.

1. Persuade your friend to sell altogether and have a clean break.
2. Either he or you buy the other out.

The others sound too messy for words and possibly have tax implications.
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