How to invest in Irish Property
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- Опубликовано: 5 окт 2024
- How to invest in the Irish property market for as little as €500. In this video, I review the property lending platform, Property Bridges. A site that allows you easily invest in Irish Real Estate. Property Bridges also allows developers source funding for their developments. Property Bridges is similar to peer to peer lending.
Please beware that all investment carries risk. Your capital is at risk with peer to peer lending.
Want to invest in Irish Real Estate click here:
flemingre.com/
Link to Property Bridges
invest.propert...
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#propertyinvesting #realestareinvesting #property #realestate #propertybridges #ireland #irishproperty #irishinvestment #realestateireland #shanefleming #flemingrealestate
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The Stephen Graham of Ireland, great content!
I am currently raising my capital slowly with the S&P 500, by investing 100 euro every week. With the compound interest i am expecting to have quite a bit of money after I finish college in 4 years.
Once ready i am going to attend the real estate course in Dublin. Time will show where it brings me
I will tell you how you will lose your money
When markets will collapse you will invest more buying cheap because you will think it is temporary
They will jump up and you will invest more
In week time markets will down again and you will invest all you have
And after they will down again you will lose everything
The art of investment is in saying I did not earn anything but I did not lose anything
Sometimes better lose 4 per cent selling then 10 per cent in falling price
Keep believe you will win :) But just let you know The Art of wining is Art of losing !
Keep making other people rich !
We're only seeing this now, great video Shane. Thanks for your informative and honest review.
I live in the North and I would definitely be willing to consider investing a few thousand in something like this, but I'm surprised that the Irish state doesn't have a scheme for attracting private investment in property building that's guaranteed by the government, given the current situation with housing in the south. Because somebody like me, I'd be much more willing to invest if I knew the government was involved, because I'm casually interested but don't have much time to do due diligence research etc.
Would you recommend buying property in cheaper EU countries like Spain and Portugal, instead of buying property in Ireland?
Think it is important to stick to what you know. I have seen a lot of people be burnt by investing in countries they didn’t live in. It is also hard to get a mortgage in most locations if you are not a resident
real estate crowdfunding is considered a risky investment. Just like the stock market, there are no guaranteed returns, and you could lose your entire investment. In addition-depending on the investment and unlike the stock market-your money may be tied up for years.
That is true Sam,
There is always risks. In this example the risks are reduced as you have first lean on the property if anything goes wrong
Very good video. How does this form of investing compare to buying realesate when tax is considered? Any information would be very helpful.
Our returns are considered as unearned income and therefore qualify for income tax.
What happens if the project 🤔 doesn't go ahead .Do get any of your money back? Who owns the site?
If the project gets fully funded the money is locked away until the project is complete. The developers own the site but property bridge has the first lean on the property. (Like a bank) and if anything was to happen they can take over the land. There is always risks to investing,
I made a €1000 investment with them for 16 months and 28 months later I didn't get even my principal back. Lender defaulted and here I am waiting for I don't know what... I had more money to invest but how can I put more money in, if I can't trust property bridges anymore... There are better ways to invest 500, like an index fund for example...
Sorry to hear that. What was the project.
@@shaneflemingre Pallaskenry
@@AnaMaria-wg8xb did you ever get your money ?
@@irish-thinker4429 Yes. About 6 weeks ago, I got around €960. Basically the debt was sold cheaper or something. A loss of ~€40 after 2 yrs and a half... With inflation and missed interest lost about €250, however happy that most of the money came back.
@@AnaMaria-wg8xb take that money and buy a kilo of silver and keep it at home
Trust me
Did you end up getting your return? As this video is a year old
The proposed term was 24 months. 7% return per year. so some time to go still.
@@shaneflemingre did you get it
@@chosen3713 got the interest and a few weeks away from payout
The Property Bridges website looks incredibly sketchy, 3000 10000000 are suspiciously round numbers
Lots of finished developments
Very insightful as always Shane! I believe that any gains from such investments will be subject to 41% DIRT tax, correct?
Gains are treated as income and qualify for income tax.
@@propertybridges1 @ what type of income tax, if you can specific please
Yes, what percentage tax please ?
Thanks for your content! Really helps out a lot. Here's an idea for a future video: Me and my partner are thinking about buying a property in Dubin to live in and rent out extra rooms. What do you think about such a strategy? Which are the best types of properties to do this with? How do I calculate the exact amount I'll get in rent and the exact amount I'll have to pay for the mortgage? Cheers!
ruclips.net/video/qR5BaGt9fEc/видео.html
Already have that video
But don’t really go in the the mortgage element
Great stuff Shane. Question I am asking myself is why would the developers not go straight to the bank and pay less interest there ?
Not a lot of banks offer development finance under €5m
Great question Eanna, as Shane said many banks do not have an appetite to lend under €5m in development finance. They also have many restrictions in place including capital reserve requirements under Basel III. In many cases, we can be more flexible and can act faster than a bank.
How would gains be treated tax wise from the individual's investor point of view?
Diego, gains are treated as unearned income and therefore qualify for income tax.
Can you invest if you live in North
I think so but not 100% sure
My understanding is propertybridges is not an investment in property but a bridging loan, so it's deceptive for them to claim it's property investment.
They have a lean on the property same as a mortgage so control the deed. Providing funding to property in such as way is exposure to the property market. Propertybridges are the first to get paid when the property is sold.
Many would see hard loans as investment in property
@@shaneflemingre You don't get the benefit of property i.e. rent or appreciation so it's not a property investment, it's a fixed loan backed up by property.
@@GregDeman I get property investment. But investment is something you put your money into that gives you a return, where your money works for you. It is an investment that is linked to property. Mosts of these are development projects and sold when completed.
@@shaneflemingre We are getting into semantics here - it's a fixed loan not a property investment, and it's irrelevant whether the development is sold or not as you have no stake in the property (other than as collateral for your loan).
They're like a REIT then ?
Are what like Reits
They are more like peer to peer lending. REITs pay dividends.
The Idea I would consider to any one are by investing funds in Multiple outfits. Apart from Salaried payment Bitcoin is the ultimate anyone can relate easily and create a steady Funds. I make $9000 every weekend mostly Saturdays on my Coinbase account.
Shane, are you single?
happily married
Hey Shane, have you ever heard of buyers using seller financing in order to acquire property in Ireland (en.wikipedia.org/wiki/Seller_financing)? I heard about this type of financing on the Bigger Pockets podcast as an alternative to the traditional method of getting a mortgage from a bank. One major hiccup would be finding motivated sellers who would be interested in such a deal but I was curious if you've ever seen something like this over the years. Thanks for the fantastic video man I just subbed and shared your vid. Keep the great vids comin' !