In this episode, Michael shares his reasons why he has been buying rental properties. He explains that while landlords are currently leaving the property market, he is buying and his reasons for doing so.
Quotes from the episode:
"I think landlords are forgetting that a tenant is paying down a mortgage. Landlords fail to release the difference between cashflow and profit."
"I remember looking at property back in 2013 when property prices were half of what they were today... there were still good deals, there were still bad deals"
"As I see it, I'm not worried about what the property market is doing... what I care about, is can I find a deal I like."
"No one will ever feel rich having a million euro broker account, but buy a few properties and you will feel rich in far more ways than just financially."
Show Notes
https://www.irishtimes.com/property/2023/01/21/landlords-have-their-say-investors-are-not-in-the-game-at-the-moment/
https://www.firepodcast.ie/buying-an-investment-property-with-no-deposit
https://www.firepodcast.ie/my-property-strategy
Subscribe to the monthly newsletter:
https://www.firepodcast.ie/newsletter
What’s your Edge
Investing & Money Saving Tips with Alvar Damon
Money doesn’t grow on trees, or does it?
Bye Bye Envestio
The Day I lost €6,000
Time VS Energy
Becoming the Mexican Fisherman
The Opportunist Butterfly
How Not to Start a Business
How I became Financially Independent with Robert White
Robert Kiyosaki VS Financial Independence
Financial Independence with Mrs Money Hacker
What I learnt from the Madrid FIRE 2019 Conference
Financial Independence as an employee, with Alvar Damen
The 3 paths to financial independence
Happiness VS Financial Independence
Should you cruise your way to financial independence
How to get started on your financial independence journey
Talking money with Aoife Gaffney
How we use credit cards to manage our cash flow
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast