Buy to Let Property Investment is a Simple Game-Don't Over Complicate It
10,215
Published 2020-08-14
SUBSCRIBE? Just hit the subscribe button and the bell icon to never miss a video.
I have published a number of free reports including “16 Common Mistakes Most Irish Employers Make” and ““Buying or Selling a Residential Property in Ireland-The Facts You Should Know”.
You can pick up a FREE REPORT here: businessandlegal.ie/free-reports
MY BOOKS ON AMAZON
Employment Law In Ireland: The Essentials for Employers, Employees and HR Managers amzn.to/2oDhR36
27 Irish Employment Law Cases: Priceless Lessons for Employers and Employees from Decided Cases of the EAT, Equality Tribunal, and High Court amzn.to/2oG4oHK
How to Carry Out a Workplace Disciplinary Procedure: Avoid Costly Claims for Unfair Dismissal and Other Employment Related Claims amzn.to/2H1uR9i
The Art of Marketing Your Services Business Online: How to Get New Clients With a Proven, Inexpensive 5 Part Digital Marketing Strategy amzn.to/2Fa5BB7
Buying a House in Ireland: A Step by Step Guide by a Builder/Solicitor amzn.to/2F9Z2ij
MY WEBSITES
For more information about me: businessandlegal.ie/
For more information about employment law in Ireland: EmploymentRightsIreland.com/
For information about property, personal injury law, small business, wills, and all other areas of law in Ireland, visit Terry Gorry & Co. Solicitors website: BusinessAndLegal.ie/
For information about small business in Ireland, visit SmallBusinessLawIreland.com/
Terry Gorry’s Amazon author page: amazon.com/author/terrygorry
The best way to contact me is through email-check out the contact page on any of the sites above.
#buytolet #buytoletinvestment #irishproperty MY SOCIAL MEDIA-Connect with me
YouTube youtube.com/user/terrygorry
Twitter twitter.com/TGorrySolicitor
Instagram www.instagram.com/tgorrysolicitor/
Facebook www.facebook.com/terrygorrysolicitor/
LinkedIn ie.linkedin.com/in/terrygorry MY PODCAST
The Irish Law and Small Business Podcast
podcasters.spotify.com/pod/show/terry-gorry
All Comments (20)
-
It’s a simple game until the government change the rules to get re-elected and end up telling you who to rent to, for how long, at what rent, tell you that you are forbidden to increase rent tell you that you can’t sell your property with vacant possession. Irish landlords are just caretakers!
-
Oh Terry . I am in the game 20 years. I wish it was that simple my friend. 😊
-
Terry, you have just done the property investment training courses out of business! You are right sometimes you dont get the capital growth, depending when you entered the property market cycle. I can relate to that as I knew someone who bought an apartment in Dublin in 2005 and the price today (2020) is more or less the same as it was bought for! Merry Xmas and Happy 2021. God Bless.
-
Thanks for this video and your videos generally
-
Buy to let sounds great until your tenant stops paying the rent, references mean nothing, my advice to getting into the buy to let is DONT the word landlord is a taboo in this country,regulations are now set against the landlord, PRTB is a waste of space and is pro tenant.
-
Thanks Gerry...this is a great topic and I welcome how straightforward your presentation was! Great video as always.
-
Thank you for the video!
-
Your videos are very helpful
-
Thanks!
-
Great video.thank you.
-
You should go into where is the best place to invest urban v rural and what type , apartment V House ,
-
Thanks for the advice Terry, Im working away in the middle east. Im from Kilcock, when I take a trip home I'd appreciate having a consultation with you. All the best. Daniel
-
Excellent terry, would love to hear your thoughts on investing in a pension as a sole trader compared to having a property portfolio as a pension. I can see there are very attractive tax incentives to investing in a pension, not sure if something similar is available for property.
-
Hi Terry can I transfer my house to my limited company and what are the things to consider?
-
Good video TG. A lot of people have a huge amount of fear to get started in BTL. There is a TV show called nightmare tenants that adds to this. The biggest problem in Ireland is that the banks and mortgage companies have prevarocative stress tests on finances for eligibility for BTL mortgages. In the UK the BTL loan is easily attained at 20 % deposit and is based on the rental income of the property... not the landlord's financial stress test. Is that right?
-
A Landlord cannot offset taxes by investing in a pension because the State considers rental income as "unearned income". This is unfortunate as one can pay up to 52% tax on the income. Insanity paying that to the State when we get zero public services for it.
-
Hi Terry, Is it recommended to set up a limited company to purchase the property?
-
why wait 5,10,15 years? the idea is to become financially free and you can do this a lot quicker with the right knowledge
-
Why doesn't he talk about Management company fees? Property Tax? Mortgage interest paid on top of principle? Tax on rental income ar 33%? mortgage protection rates? insurance costs? Solicitor's fees? etc etc unless you buy with cash or own mutilple homes, its a waste of time and will end up costing you, especially if market collapses
