The True Cost of a Property Deal

In this episode Michael breaks down one of his most recent purchases from start to finish. The property was bought for €292,000 and initially appeared to offer a gross yield of just over 9%, but the headline figure told only part of the story.Michael goes through the full cost of the deal, including the deposit, mortgage and refinancing fees, solicitor, acquisition costs, renovation and furniture costs.This is an honest look at property investment, including the costs, compromises and mistakes that are often missing from deal breakdowns.Show Notes:Subscribe to The Irish Property Podcast newsletter:https://www.propertypodcast.ieThis episode is sponsored by MortgageLine. Stephen Hamilton Financial Services Ltd trading as is regulated by the Central Bank of Ireland.