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Not all countries are experiencing a property upswing right now. Ireland, for example, has 41 per cent of its property in negative equity.
Discover how my student Michael is successfully working with Northern Ireland negative equity properties in this latest podcast.
01:38 – Breakdown of negative equity-what does it mean?
05:20 – Options for people who are in negative equity
08:27 – Ghost towns in Northern Ireland
09:30 – Flexibility of banks to write down upside down loans
12:20 – Birth-seed of creative financing
13:15 – Benefits of buying privately
13:30 – What is a home owner’s personal ‘tipping point’?
15:57 – How Michael puts property transactions together
17:50 – Michael’s favourite strategy for negative equity properties
18:40 – Latest trend
21:50 – Is this the new normal?
23:22 –What are the opportunities?