Epsiode 3
Life coach and counselor Donna (26) has an ambitious plan, she wants to be financially independent by the time she’s 30 and she feels that property is the way to go.
She started her property portfolio when she realized that her rent cost €36,000 over a three year period. She bought her first property in Budapest and then a house in Maynooth with her partner Tony, a graphic designer. They eventually plan to let this house as they build their portfolio.
The search for Donna’s next property brings us to Athlone, Drogheda and Carlow.
And if you’re considering becoming a professional investor Ian Lawlor insists the fundamentals never change:
- Cashflow is vital.
- There should be more money coming in than going out.
- When you are buying, consider if you are: An Investor, A speculator, A Gambler or a Trader.
- Be honest with yourself!
- Don’t use a tax break as the reason to buy a bad deal.
- Patience and hard work is essential.
Houses viewed in this episode:
Location: Glen Abhainn Student Village, Dublin Road, Athlone
Type: 2 bed apartment
AMV: 330,000
Auctioneers: Finlay Auctioneers, Irishtown, Athlone
Phone: 090 6475994
THIS BLOCK (BLOCK 13) SOLD OUT
Location: 27 Alverno Drive, Willow Park.
Type: 3 bed semi-detached
AMV: 165,000
Auctioneers: Finlay Auctioneers, Irishtown, Athlone
Phone: 090 6475994
Location: 51 Valley Court, Athlone
Type: 3 bedrooms
AMV: 225,000
Auctioneers: Shine and Dunning Auctioneers, Templedrum House, 16 Castlemaine Street, Athlone
Phone: 090 6476499
Fax: 090 6472407
SALE AGREED
Location: 1c Kermon House, North Quay, Drogheda
Type: 1 bed apartment
AMV: 200,000
Auctioneer: Milton Property Consultants, 12 Shop Street, Drogheda, Co. Louth
Phone: 041 9842006
Location: 98 Burrin Manor, Tullow Rd, Carlow
Type: 3 bed semi-detached
AMV: 196,000
Auctioneer: RE/MAX Dolmen Carlow, Unit 1, Kennedy Avenue, Co. Carlow
Phone: 059 9182000
Fax: 059 9143508
SALE AGREED
Location: 9A Granby Row, Carlow Type: 3 bed mid-terrace
AMV: 215,000
Auctioneer: RE/MAX Dolmen Carlow, Unit 1, Kennedy Avenue, Co. Carlow
Phone: 059 9182000
Fax: 059 9143508- Properties not on programme but viewed by participant:
Location: 239 Moneymore, Drogheda
Type: 3 bed semi-detached
AMV: 225,000
Auctioneer: O’Sullivan Properties, Drogheda, Co. Louth
Phone: 041 9844444
