All Forum Posts by: Andrew Crinnion

I would consult your CPA, if the house is gifted (while they are alive) to someone else then the recipient no longer receives the step up in basis. Meaning when the recipient later sales the house they will have a higher tax bill. For example, person A buys a home back in 1950 for $50,000 today that home is worth $1,050,000. If this home was gifted to person B while person A is alive, then person B's basis in the house will be $50,000 so when person B goes to sell they will have a $1.0m taxable gain (assuming no improvements). Instead if the home was inherited by person B, person B's basis in the home would be the market value at date of inheritance in this case $1,050,000. If person B sold it the next day for $1,050,000 they would owe no tax.

Hello, 

I just completed my first deal back in the states after a lot of searching and number crunching. I think there could be a big opportunity here in Dublin. I am currently living/working here and while out at a bar I chatted with a couple and learned about the very restrictive loan requirements preventing many first time home buyers and the high rents. Assuming you could secure the financing the high rent should yield a very solid return. 

I am interested to hear if anyone has a rental property in Dublin/Ireland and could share their numbers/experience.