Why I Buy Property
Listen now
Description
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 Noteshttps://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-deposithttps://www.firepodcast.ie/my-property-strategySubscribe to the monthly newsletter:https://www.firepodcast.ie/newsletter
More Episodes
In this episode, Michael celebrates episode 100 of The Irish FIRE Podcast by looking back over the last 7 years of his FIRE journey, and giving his reflections on a year by year basis since he started his journey in 2018.Michael is now only a few months away from hitting FI, and Michael shares...
Published 11/14/24
Published 11/14/24
In this episode, Michael dives into the Playing with FIRE documentary and explores the balance between achieving financial independence and living a fulfilling life in the present. He discusses the Rieckens' journey, the challenges they face, and whether the sacrifices they make are truly aligned...
Published 10/15/24