Michael discusses financial independence in an Irish context. Join him as he shares stories of his own journey towards financial independence, interviews others on FIRE related topics and tries to work out the best path to early retirement in Ireland.
Episodes
Friday Jan 27, 2023
Friday Jan 27, 2023
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
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