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Incredible Yield

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Comments

  • #52
    NIMAN
    Registered Users, Registered Users 2 Posts: 34,685 ✭✭✭✭NIMAN


    They always say that a crash is a great time to make money, but I suppose you have to have spare money to do that.

    But there was plenty of Irish people with plenty of spare cash sloshing around their accounts immediately after the crash.


  • #53
    athtrasna
    Closed Accounts Posts: 13,420 ✭✭✭✭athtrasna


    Large overlap with your previous thread. Threads merged

    Mod


  • #54
    Marcusm
    Registered Users, Registered Users 2 Posts: 10,632 ✭✭✭✭Marcusm


    NIMAN wrote: »
    They always say that a crash is a great time to make money, but I suppose you have to have spare money to do that.

    But there was plenty of Irish people with plenty of spare cash sloshing around their accounts immediately after the crash.

    Or a spare asset or situation; I know of a family which sold a family home in a town in the extended commuter belt just as the bust setting off. THey managed to get a near boom time price and intended to rent for a year before building a one off house outside the town. Price easily fell 60% in that town. THey had been there pre boom but by getting out at the high price they cleared perhaps 10 years post tax income versus what they would have received 6 months later.


  • #55
    Ray Palmer
    Registered Users, Registered Users 2 Posts: 8,513 ✭✭✭Ray Palmer


    quadrifoglio verde wrote: »
    The best bargain back in 2011 wasn't property. It was the solidarity bonds.
    65% over 10 years before tax! Guaranteed without having to lift a finger.
    No worry about tenants not paying or your asset being damaged by tenants.
    No rrb, no property tax, no calls about a broken washing machine.
    Yes the yield looks good. However for a risk free let your money do the work for you, the solidarity bond was the real bargain

    The difference is the investment may have only been a portion of the value of the property. Instead of investing 130k it may have been 32k and banks were offering BTLs for people with unlike what somebody else said.

    While there is an element of luck in property investment it is very easy to reduce risk of loss and increase possibility of return.


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