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About ayshek

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  1. I'm investing in Dublin...in fact I wish I was investing more in Dublin, but like John K says, finance is the issue
  2. I would like to do something similar. Seems very difficult. I spoke with some mortgage brokers and they basically said that since the crash these kind of offers had disappeared. It would actually be more feasible to sell the property, buy another one in Dublin with a 50% LTV buy to let mortgage (which is available for non-residents) and take the other 50% of the money to Italy. I am actually considering this in a few years.
  3. I think I tried asking this question on the Boards.ie property forum a while ago. There must be a lot of Irish listeners to the podcast as I don't know of any Irish equivalent and a lot of the advice works just as well in any country. Maybe try asking on Boards again?
  4. Another vote for an episode on Ireland. You must have a fair few listeners in Ireland and could be an interesting comparison for UK landlords - you could delve into a whole different world of BTL acronyms just across the Irish Sea: discover the mysteries of the RPZ, the PRTB, and the LPT, explore the implications of Brexit for the Dublin property market, could be an interesting option for UK based landlords looking to hedge a bit of the risk of leaving the EU by getting some EU-based investments and non-Sterling cash flow, but without the language problems of mainland Europe, or the distance p
  5. Aside from the obvious property podcasts, I listen to a few other personal finance podcasts - Money For the Rest of Us and Stacking Benjamins which are both general personal finance podcasts aimed at an American audience but generally relevant to anyone, and one called the Value Investing Podcast. All of these are good for managing the non-property part of your portfolio and giving some ideas about diversification. Recently been listening to The Bugle too! A comedy/current affairs podcast with John Oliver from the Daily Show - definitely recommended for some light relief in between all the
  6. It will depend on the kind of tenants you are aiming for and what is "normal" in your area for those kinds of tenants. You should ask advice from some agents in your area, or look through the listings of similar standard apartments to rent and see what they provide. If you are looking for your first tenants you could advertise it as furnished and then negotiate the specifics of what you will include with your first tenants. Who knows they may already have their own bed but not have a microwave, or what to bring their own sofa but need a dining table. It can be nice to take photos for
  7. I have thought about commercial property but my expectations for the next 10, 20, 30 years involve: (i) a continued shift towards more online shopping (reducing demand for physical shops), and (ii) a continued shift towards remote working, home-based working, and online communication over face-to-face communication for every instance where physical interaction is unnecessary (i.e. dentists) reducing demand for office spaces in locations convenient for customers. Based on this I think demand for retail and office space is on the way down - especially for small/independent shops and companie
  8. I have been thinking about putting a trigger in place to sell my properties based on the gross rental yield calculated from market value. I currently have two apartments in Dublin, bought in 2012 at the bottom of the market after the property crash, at gross rental yields of around 11-12%. At the peak of the market in 2006/07 gross rental yields in Dublin were closer to 3%. I figure that if prices ever get so high relative to rents again, and yields are driven down to the 3-4% region, that: 1) I would be better off selling the apartments and putting the money somewhere with a higher y
  9. Another vote for an episode on commercial property investment - what is different between commercial and residential: in practical terms, in legal terms, in the role and responsibility of the property owner, who do you need in your "dream team" to manage this - what kind of service providers do you need? How does it vary between offices, retail, bars and restaurants etc. And how do you identify a good commercial property investment opportunity? And how do you finance it? And what about an episode on getting into much larger scale property investment - a lot of big money is made on whole of
  10. Hi all, I am about to do a pretty thorough refurbishment of a 1 bed city centre apartment in Dublin. It was built about 20 years ago so is pretty dated and needs new kitchen and bathroom and I'll probably do new floors while I'm at it. I like all my properties to have some kind of a hook, something about them that sets them apart from the hundreds of other more or less identifical apartments out there, and gets them let quicker and attracts tenants who can afford a higher rent. It can be something about the position, the view, the building, the facilities, or in cases where these
  11. If you are comfortable with it, consider looking in Ireland, especially Dublin. The pound is stronger against the euro than it has been for a while and Dublin's market is booming but from an extremely low level so there is still good value and a huge upside, with a downside that is frankly limited given property prices fell around 60% from peak to trough and is still around 50% below the 2007 peak. The rental market is very strong, maybe even too strong, and supply has been severely constrained for last 5 years. Some new building is starting but it the fundamentals are still very solid. About
  12. I also have some experience managing student lets - I think Jon H might be a little generous thinking minor refurbs are only every 3-5 years, though it would depend on the state of the property to begin with. In my experience the end of every academic year involved several days work per property (3/4 bed terraces) with deep clean, fixing/replacing broken furniture, and repainting several rooms. Still worth it given good yields but it is more hands-on.
  13. Hmmm...interesting situation, and somewhat similar to my own. I am also living abroad and have a couple of BTLs bought with cash. I had assumed that it would be relatively easy to raise a mortgage on them in future to keep expanding the portfolio. I had never heard that taking equity out of an "unencumbered" property could be against a bank's policy. I hope someone with more knowledge on this topic can shed some light on it.
  14. Ciao Cesto, I also have a property in Italy, but the new taxes on second houses are crazy, especially in the big cities! I am still waiting for the real collapse in property prices in Italy - I have an apartment in Dublin that cost E110k last year rented at E1100 a month, and one in Rome supposedly worth E300k+ that rents for less than E1000 now - ma come possibile!?
  15. I'm in Tunisia, not quite Dubai but some similarities and common difficulties in investing from afar! I have two properties in Ireland bought about 18 months ago. Biggest issue I've had is access to finance as an overseas investor, a problem I still haven't quite solved as the Irish property market, though recovering, is still pretty disfunctional. The private equity companies and investment funds hoovering up Dublin residential and commercial property seem to have no problems but for the average individual investor it seems to that cash is the main option - BTL mortgages were only 5% of t
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