Visting my Cork investment property for the first time-update | Terry Gorry Vlog | Video 2

[@richardcarrick1760]

Great informative video looking forward to seeing how it goes!

[@Cloud007.]

A lot of people in the comments think they're experts Terry with inside knowledge on your deal. Fair play to you. You worked very, very hard to have the ability to invest in property. Do the commenters want hard working people not to invest wisely with their hard earned cash? Typical stuff. Well done to you Terry. You worked hard for it.

[@conorkennedy6732]

@Cloud007. Just for the record if Terry happens to read this, I enjoy alot of his content. However as a fellow business owner myself I know all about hard work, I also know all about estate agents and let me assure you there greed knows no bounds, people buying property with borrowed cash to cause misery on others with inflated rents is nothing more than greed. The people of Ireland and its history should really know better.

[@Vivarishealth]

This is not investing wisely. As mentioned already, caveat emptor - buyer beware. Terry did not give that caution to people who might consider buying these properties. Interesting also that it is unregistered.....

[@Cloud007.]

@@Vivarishealth Haha as if Terry needs to give that warning. Do you honestly think people will just go out and buy property based on one KZbin video? Clueless is not the word.

[@888buzzz]

Good video. Please create a video with the numbers. Thanks.

[@comfysofa78]

Much better inside than I'd expected. Definitely would like #3 and especially how you can add value by fixing title issues

[@eileenclyne2065]

Very interesting Terry, would love a follow up with all the details and costs involved. Thank you 🙏

[@frankcooke9855]

very interesting Terry , to see the nuts and bolts of property investing .

[@boradley601]

Can you discuss costs associated with letting. Great video.

[@globalvlog-i8w]

He bought it for 132K

[@patmulligan7157]

Hi, enjoyed the video as always. Just wondering is the rental in a RPZ and if so are you restricted in the amount of rent you can get. Good luck with the rental.

[@andrewmellon5072]

Thank you for another interesting and enjoyable video.

[@fergusolooney224]

I'd have opened the windows upstairs and bathroom and kitchen doors open straight away Terry. The air gets circulated throughout. Nice little house. Timber flooring would be nice downstairs. As its a small house I'd paint all the inside white to really brighten it up. What's heating the house? I'd say its electric heating. I'd install a pay as you go meter aswell.

[@Cloud007.]

Pay as you go meters are a horrible idea.

[@rhhial]

Would like to see a video of advantages and disadvantages of using an agent to rent out a property.

[@treeblackcrows]

Nice little house but surely €1800 a month is exhorbitant? Just a couple of points. The front upstairs bedroom may not comply with building regs. the velux window should open fully out and be installed at a certain height from the floor. It could be a fire trap. Also, I always wondered why rental accommodation is supplied with furniture. I have lived in rented accommodation in many countries and Ireland is the only one that supplies furniture. I think tenants would prefer to have their own furniture as landlords always supply cheap furniture.

[@Cloud007.]

Not true.

[@Charlies247]

Private landlords are behaving like parasites. kzbin.info/www/bejne/g57FlZ6QdtCopLssi=j9GXFku3EQgjpkiS

[@michaelgreene880]

Bathroom off the kitchen , you should check compliance with building regulations

[@Zionrepublic]

You don't need to as it already in place. If you buy a place with a setup like this, there is no need to check regulations it's legal

[@undercoverelephant9932]

Brilliant video. Buying an investment property is a lot of stress when it comes to having to deal with lettings agents, tennants etc. I'd be very interested is seeing a follow up video to see how it all works out

[@MrRmm77]

Great little house Terry and it will be a lovely home for someone. The garden at the back is a huge bonus. I would definitely be interested to see a follow up regarding the financial side. Best regards, Ronan.

[@GaryHynes-io9yz]

Small houses in black pool normally go for between 75 and 105 thousand it's a poor area with lot's of migrants.

[@globalvlog-i8w]

HE PURCHASED IT FOR 132k

[@donfalcon1495]

Definitely interested in seeing the figures!

[@theexiled_0]

He bought it for 132k

[@stephaniesamra7960]

I will tell you what I see as one of the problems - there’s a scam going on - here goes: a couple allegedly are separating (some are genuine) but most are not. She gets a new build council house. The father /partner then wants a council house so he gets a declaration to say that he needs to have the kids for overnight access. He gets a council house - the woman’s house is then let out and the couple are pocketing the rent and couple now living in the second house!!! If they don’t rent - then there are 2 houses gone to 1 family. County councils are asleep!! They are of course just following policies of the government. And other hard working ppl cd’nt even rent a place!!! Never mung buying a place cos prices for most properties are outrageous.

[@surocarscork2414]

Hi Terry I am a big fan of the page. What do you think the idea of renting as is without furniture? I think personally, a person is better off renting this way as if there are issues with beds etc. It is not your responsibility.

[@MaryEdelMurphy]

Well done looking forward to the update

[@anpleidhceeireannach9498]

The place is in great condition. I saw your last video,and I was expecting a mess inside,but it looks great. Someone could move in straight away.

[@drc6940]

Would you want the sort of renter that would move in straight away?

[@charlesharrison3032]

Looks a good buy,not much to be done,all you need is a good renter.

[@ShlugTube]

Word of warning this area of Blackpool has been prone to flooding frequently over the years. I hope you factored that risk into the purchase. Best of luck.

[@anthonydowling3356]

The tiled floor on the ground floor is a bonus then ;-)

[@ZackBuddy]

Landlords pay 52% tax, then property tax on top which can’t be offset. The furniture , fridge, cooker etc are written off over 8 years. Then a full letting and management fee is expensive. Then the tenant decides not to pay rent. There’s a very small return in a large cash outlay and that’s when things go well. If you got it cheap as a distressed sale then capital appreciation is your friend.

[@TrevorP-l9v]

Purchased it for €132k

[@Cloud007.]

It will pay for itself within 15years of renting. Then it will be worth 200k. So Terry will be up 200k in 10-15 years based on this sale alone.

[@malachy1847]

Non Recourse Mortgage over a medium time period would help to offset that annual Tax Liability on that small profit generated would be interesting to see how it works out regarding ,Rental Yield in a future upload...but as your former role as an Accountant I'm sure you have those Duckies, in a row... You would be well versed regarding those Options...Best wishes for that Project...

[@Finderskeepers.]

@@malachy1847 Wont get a non recourse mortgage on this property not that recourse has any impact on the ability to charge interest against income.

[@jb6368]

Was expecting it to be dire inside from last video,,it's in great condition,just cosmetic touch ups needed.

[@lorrainebyrne2536]

Cork a great spot. Its a grand little house with the small back garden. Its definitely in good nick.

[@spikeygoc]

I enjoyed buying at auction. No messing about. Had my keys within a few weeks after the hammer went down. It looks like you got a nice house their too.

[@michaelplays2449]

Very intresting video !!! terry thanks keep the ptoperty video coming !!!!

[@aidanscapeing]

massive deal, good value. well done

[@buck2601]

Great Vlog as always, looking forward to the next video on the property.

[@eamonncleary2513]

Terry, You didn't discuss the house heating system.. Seems to be plug in electrical room heaters,

[@Cloud007.]

What is there to discuss? You saw the heaters. Easy.

[@aidenfay2116]

I think you are going to choose the first agent. Great terrace can be a nice retreat.

[@opencurtin]

If you spend a few bob doing it up you'll get good tenants and a good price. I have a property in Cork I just recently done it up myself, I live in Dublin originally from Cork .

[@paulmckee7751]

Very interesting great house would love to see a 3rd video on the numbers thanks. Good luck with picking the letting agent.

[@patrickjordan7670]

I might be rong but did that area flood last winter anywhere in Cork city is submersible to flooding

[@SE-hi3my]

Best part is….its Cork 😊

[@stephenwalsh6677]

Like to know if you have had any previous dealings with bidx

[@2tadhg]

Great content with practical advice, hard to find on the Internet

[@pauldwyer6769]

Is it not illegal to drive and use the phone as a camera at the same time.

[@michaellogan1428]

The property looks okay. Should work out okay for you and tennant. I'll be keeping a watch for any follow ups. You mentioned lightbulbs and it reminded me of my first shared rental in Ranelagh. Landlord lived in Greystones and thought it a good use of his time to come in - usually next day- to replace any blown bulbs.

[@Defor07]

Terry, interesting video but put the phone down when you're driving FFS.

[@Cloud007.]

Not a phone. It's a dslr camera. Perfectly legal. The clue was in the parts of the video where Terry was seen in the mirrors holding the dslr camera. Didn't you see those parts?

[@Defor07]

@@Cloud007. Is that any better? It's still distracted driving, just concentrate on the road.

[@1967spark]

What would be the legal result in the unlikely event that the Gardai stopped you?

[@Defor07]

@@1967spark I'm less worried about the likelihood of Terry getting a few penalty points, more worried about the likelihood of getting in an accident while doing a piece to camera on a motorway.

[@Cloud007.]

@@Defor07 It's the same as using a visor, putting on sunglasses or similar in the car. No issue whatsoever. He's just holding a film camera, not texting or drinking. Calm down. Typical nonsense, you won't even apologise now that you realise it was legal and not a phone.

[@DeirdreFusciardi]

Enjoyed watching your video as we are on the same path with our recent purchase in Mullingar. Hopefully it works out well for both of us Terry.

[@shayhoulihan4391]

Shay checking in from dublin thank you for the updates

[@KennethMac1]

That house should have gone to a first time buyer

[@Cloud007.]

Are you very simple?

[@michaelruane7411]

Very interesting Terry great video. Good luck with it

[@josephryan2900]

This is the guy that was on last week ,that he got all the trouble with getting a tenant out of a house of his and all the money he was owed ,and now he is doing it all over again ,some people never learn.

[@terrygorry]

😂😂😂

[@Cloud007.]

enjoying that misery Joseph? Holy moly. Get a life.

[@lroc6272]

Not everyone gives up when they hit an obstacle. If you quit something every time you have a problem you won’t get far in life.

[@stephaniesamra7960]

Well Terry thought the comment was funny. You need to look at the life time of the tenancy - if you get tenant problems for 1 year - you still make money overall. Good luck to Terry with his investment. 😂

[@malachy1847]

Many of those Letting Agents, would use ..."Mr Letman" Portal to upload your details, your Property , rental statements, and Inspection reports, plus Monthly Rent deposited into your account less their fees, and maintenance work and repairs carried out by their Contractors...good system to have at hand to track outgoings and the Like... (Maybe a couple of 1 tonne bags of decorative Gravel or Chips as dressing..would sort that Backyard out...at little Cost ) Good luck to you, with that new Property hopefully you'll get a good tenant who will respect same....

[@cmors]

Would love to see the net projected returns after tax

[@JamesReilly-en4di]

Will you be excepting hap or rent allowance?

[@fakereality3792]

Will he fuk

[@johnpgray]

Interested in follow-up 👍

[@johnmccormack4498]

I never leave anything in it except what's prescribed in legislation. No Delph no kettle no tv no cutlery no bed linen....you'll find most have their own and if you leave such items they then come looking to you for replacement when broken.

[@awilderireland]

Aren't you great! I never rented a property that wasn't fully kitted out. I was lucky though. Had more good Landlords than bad. Glad I never encountered the likes of you.

[@StacyFelton-o6r]

How do you buy property in Ireland? i'm from England and it's different, as we don't 'bid' for property over here. We are moving over in a few years, please help.

[@terrygorry]

I have plenty of videos on my channel about the process of buying privately and at auction 👍

[@rogerrabbitte2647]

Terry can rent out the property to the Burkes from Mayo.

[@geoffdowdall8373]

Looking forward to the third video , thanks Terry 👍

[@mikelimerick]

Nuts and bolts 3 video please

[@carmelroselli8220]

What was last rent of the tenancy there? I presume it’s a RPZ

[@KingsleyGallagher]

Reminds me of my first house 🏠 purchase, many years ago, happy days, 🏠🏠

[@teresacrowley4076]

Hi Terry. Im looking forward to the follow up video on your new property.

[@texashsad]

A very nice rental with its own back garden. 😊

[@loredelore7286]

Take a couple of Rottweilers with ya, very rough area.

[@danwebb4418]

Begrudgery is not healthy..I'm sure this man as a landlord would have respect for a tenant, and in return would expect the same respect back from the tenant..Mutual respect with landlord and tenant, that's the name of the game..

[@adamkelly993]

Very informative video in buying an investment property in Ireland. If you don’t mine me asking how many rental properties do you own Terry?

[@cptdo]

It’s clean . Better than buying an apartment..

[@lydiasmith-bd7dt]

Mighty work Terry you certainly keep yourself busy. Would like to hear more about the process and a breakdown of costs and charges etc

[@cathaly6fallon576]

I like to hear more

[@jb6368]

Small and easy to heat,,gift

[@johnbennett5595]

That property surprised me. Didn’t expect it to be in such good condition. Would be interested in the follow up figures. Keep up the content Terry really enjoy it. 👍

[@denismoloney2011]

Looks like a good buy. Would love to see a video on the figures to cork to other areas.

[@abtran2010]

Video would be so much better with all figures outlined

[@globalvlog-i8w]

He purchased the property for 132K

[@abtran2010]

@Andy12122 yup, found that on the register thanks, im interested to know will he do HMO, BRR, air bnb , expected ROI etc

[@paulgannon1086]

Recording on the phone while driving. I hope he has a good solicitor 😂

[@terrygorry]

Not correct, I don’t record on my phone. Nor do I hold my phone, which is an offence.

[@1967spark]

​@terrygorry accepting it's not a phone, but could it still be argued that it would be "careless driving"?

[@seanmaccionnaith3458]

Terry rent to ''Real Irish '' only and you will never have a problem. My business partner and I have been doing it since the seventies and never had a problem. And never had a foreigner. It's the number one rule with us.

[@treeblackcrows]

What is your definition of "Real Irish"? Does that exclude black Irish, Muslim Irish or even gay Irish? Honestly Sean, your prejucided comments are an embarrasment to every decent Irish person!

[@Xtramedium1961]

I rent to an African couple best tenants I ever had, it’s all down to the morals of the tenant not their race good n bad everywhere

[@seanmaccionnaith3458]

@@treeblackcrows All of the above.

[@anthonydowling3356]

Best tenants i ever had when managing a property in Dublin City were young Chinese.

[@seanmaccionnaith3458]

@@anthonydowling3356 Good for you.. But I will always put ''Real Irish first. Especially when I see what our traitors in Leinster House are doing to our people. I will never be part of the sell out of Ireland for a few bucks in rent.

[@sineadoconnor2698]

Goodness Terry!!! You bought a property in BidX1!!! The dogs on the street know that the properties sold on that platform are generally sold without the consent of the registered property owner. I hope you have cautioned your viewers that the very maximum of ‘caveat emptor’ applies to such purchases. I have no doubt you got it ‘handy enough’ considering the dubious circumstances of the purchase.

[@terrygorry]

I bought it from the owner

[@Vivarishealth]

@@terrygorry Owners do not sell on BidX1 Terry. But happy to see your proof of that.

[@jankford]

@@Vivarishealthwho sells these properties so? Are you saying it’s a scam or that it’s mostly distressed properties on that site and are sold by the banks?

[@drc6940]

Nonsense.

[@stephaniesamra7960]

Normally receiver sales.

[@englebertschnook5106]

Under no circumstances can the bedroom on the fiest floor with the velux window be used as a bedroom, egress from the first floor bedroom and indeed fire rescue ingress is paramount in rescue and life saving of course to say nothing of compliance. All rented property should come with safety and compliance certification and there should be inspections only because landlords cannot be trusted to put human safety ahead of money, not saying that this is the case here.

[@colmranger]

Just w point and I'm not jealous but your no spring chicken what is the point of investing in property when your getting on in the years?

[@Cloud007.]

What an idiotic comment, frankly.

[@anthonydowling3356]

I would say that he has 20 years left ,but WW3 could break out soon and then we all have just months left .

[@johndolan3752]

Very informative would love a follow up on numbers

[@psychedelicconnection3258]

Why did he put the other video up in the gutter 😅

[@MegaPaulSullivan]

Anyone buying on bidX will get exactly what they deserve. Bought from owner Terry? Tut tut, you bought a stolen repossessed property from a receiver most likely. People like you are keeping this land grab by criminal legals going. It's noteworthy how many repossessed properties have been acquired by solicitors and barristers 🤔 Did you really get bankrupted through property previously?

[@Cloud007.]

You're prejudging. You don't know anything about the deal. Terry is letting this house on the rental market which is badly needed in a rental starved market.

[@stephaniesamra7960]

If he didn’t buy it - someone else would have. It’s called capitalism.

[@magscorbett7017]

Digital Fraud like selling a forged counter fit 50 euro note They can never be sold .Notice in the Law Gisette As the banks did not settle with the owners and they were acting outside the Constitution of Eireann Fraudsters Purchasers must get them to produce hard copy deeds .otherwise you are buying fraud.

[@paulcostello7200]

Great video, would love the numbers. Good man terry

[@idublin2013-by2ix]

Great video, love to see the calculations re mortgage & rent & also your thoughts re landlord v tenant rights & all the regulations, RTB etc. Thanks, Joe

[@johnocallaghan9252]

Yes I’d like to see the numbers

[@kandkadventures3647]

Love to see a follow up! Yield etc. Thanks Terry!

[@conorkennedy6732]

Did you not go bankrupt with property if I remember correctly? And here you are buying to let, afraid to say Terry, but you are the problem many irish families face with regards trying to get a family home.

[@niamhosullivan1291]

@connorkennedy, weaponised migration is the problem, flooding the country with foreigners demanding housing from limited supply, demand up, supply down, prices rocket. Hopefully he'll rent his property to an Irish family

[@conorkennedy6732]

@niamhosullivan1291 Men like Terry have been causing issues long before the current immigration problem. I do also understand your point, I have been saying for years to get out of the eu, our politicians are merely puppets on the end of a string.

[@MrBuzzcuts]

1800 per month is daylight robbery 😂

[@terrygorry]

It's great value

[@Defor07]

Ah Terry... giving me a shirty reply denying using your phone while driving, telling me to be careful and then deleting your comment. Don't take it so personally, its not a great look.

[@Cloud007.]

Not a phone. It's a dslr camera. Perfectly legal. The clue was in the parts of the video where Terry was seen in the mirrors holding the dslr camera. Didn't you see those parts?

[@TrevorP-l9v]

I see you purchased the property for €132k.

[@colmfoley5583]

Looking forward to a 3rd video

[@Xtramedium1961]

I let property in Bray Co Wicklow unfurnished literally the same rent with less expense and hassle

[@Kitiwake]

A crap little place This is your level.

[@Cloud007.]

LOL let's see you buy a house for cash 😂😂😂. Your comment is called "projection"

[@keithp6699]

I really enjoy these kind of videos from Terry and not shite about Enoch Burke and his family which I'm sick and tired listening to.

[@kasparjacks]

did you see the local covering up his face?.