Terry Gorry Solicitor Live Stream-24th February 2021-Irish Property, Law, Business, Investment
here on shield gary connell kennedy gary davis andrew penny i appear to be live will you just confirm that you can hear me now can you hear me guys yeah good stuff okay good stuff so i mean if you have any questions there in relation to whatever and fire away and i'll do my best to deal with them you can still hear me now you can still hear me yeah okay good stuff good stuff if you have any questions now how much is the investment course the investment course is that's the investment course to do with both property and um property and shares the price i think is 297 and there's an easy payment plan you can pay i think it's four payments of 79 euros or there abouts so um i think that's the price but if you have a look at the my website business and legal.i.e there's a page there which explains the investment course what it's about and so on basically it's a distillation of 35 years of my experience of investing in property and so on so over 40 is life nothing navigational how important is temperament to being a solicitor not very because i wouldn't have the the may west in terms of temperament sometimes the chimp gets out and if you ever read a book called the chimp paradox you'd understand what i'm referring to there when i say sometimes the chimp gets out and obviously you need a good temperament i suppose to being a solicitor or indeed to any career or profession so um like none of us are perfect and certainly i'm not not perfect so that's the story there um can you just go through the payout process for personal injuries claim yeah i mean you must go through the payout process for a personal injury claim in the first instance if it's a psychological or psychiatric injury though that you're complaining about or that you wish to canvas then you must go to the injuries board but they won't deal with it they'll issue you with a letter of authorization that letter of authorization will then allow you to bring legal proceedings through the courts that's what's necessary there but you do need to commence all personal injury claims through the personal injuries board how do you keep trespassers away david canaan is asking me i don't know how you keep trespassers away i mean clearly if you have a difficulty with people trapping or entering into your land or your premises or whatever you have to take whatever security measures that you can um in order to safeguard your property and so forth but um in terms of keeping them away you're always going to have bad actors i suppose so you need just to take the best precautions that you can over 40s life navigational we asked we answer that question there princess princess what advice would you give to a newly qualified solicitor in this job climate i'm not really sure to be honest with you and i've never really had a job as a solicitor because once i qualified but i became self-employed then so i was kind of on my own i've never actually worked as a solicitor for somebody else i worked obviously as an apprentice or a trainee but not as a solicitor as such so i'm not really sure what advice i'd give to you in relation to the current jobs climate what i would say though in general in relation to any job or indeed being a self-employed person or doing whatever you want to do your attitude is key your attitude is absolutely vital in my view so if you have a good attitude you'll get on fine as a solicitor as an accountant as an engineer as a bookkeeper as a cleaner as a road sweeper if you have a good attitude if you haven't got a good attitude then you've got you're in trouble in my view are we in a bubble but jillson is asking are we in a bubble um i'm not sure what you're referring to but jules and whether it's a property bubble or a stock market or shares bubble i'm not sure what market you're referring to either was the irish market uk market um united states market or irish market and so on and so forth so i'm not too concerned about the particular market that i mean at any particular time i'm not too concerned either about the timing i'm concerned about getting good value so if i'm buying a share or buying a property i'm looking for good value and i don't care what everybody else is doing i don't care what the market is doing generally because when i go to sell i'm not selling the market i'm selling a property or i'm selling a share and i can either get more for it um or i can't than what i paid for it dr alan m hurley cryptocurrency bitcoin thoughts on investment and current valuation personal opinion um alan is that i am steering clear of bitcoin uh blockchain is a great technology and it has great prospects in terms of property in terms of contracts in terms of the legal industry and i expect the world to be a different place in 20 years time with the use of blockchain and i look forward to that and i will be embracing it even though i may be a no man but i'm not going to be putting my hard earned money into cryptocurrency or bitcoin now or indeed any cryptocurrency simply because i like to invest in things that i know so i invest in smurfettes they make cardboard boxes i invest in ryanair they sell airline tickets i invest in twitter you google amazon i know what these people do i know what these companies do amazon are firing out packages all over the country we can see it every day of the week cement roadstone holdings and so on all of these companies are companies who sell goods or products that i understand and i'm happy enough uh to invest in them but cryptocurrency no it's not for me cayman row thanks for your videos very informative saving for a deposit currently will be looking to buy in years time the buying process seems fairly daunting where to start contacting the bank the buying process isn't daunting if you simplify the thing you need to get the money arranged and you need to get a half decent property after that then you're in the hands of the solicitor and you're in the hands of the bank to a great extent if it's a secondhand property you're looking at getting a structural survey done after that then you proceed you're going to rely on the solicitor and if you makes the balls of it quite frankly then you know hopefully that will never arise but if it does there is professional indemnity insurance in place and so on and so forth so you need to control the controllables you need to look after what you can look after but i wouldn't be too daunted and i would attend to the process and forget about the outcome in other words and try if i was you to try to get the money together by hook or by crook connect kennedy by over build in terms of property which you think is a better choice in the current this current economic climate it's very hard to know a conlet um depends how economically you can build and so on it depends on your site cost depends on your building costs and so on i've done both i've bought and i've built and i'd be slow enough um to sort of give you a direction one way or the other it really depends on all the circumstances it depends on your site and so on as a first-time buyer um obviously if you get the site from your parent or something fine uh you're going to build and it probably make more sense um certainly if you're getting a site for free or whatever but i mean if you have to go and buy a site and start building and you're a first-time buyer you might be as well off just to buy a safe and steady three bed semi at the outset dip your toe into the water as it were of the market the property market and take it from there michael o'donnell regards employment claims would you generally advise against adding a separate claim for stress does the wrc draw a certain influence on this and could have actually damaged the case not really sure what you're asking there michael um the wrc you can throw in stress all day long people are doing it all the time but the wrc can't deal with a stress claim really it's a personal injury claim that goes to the injuries board the other claims that go through wrc are statutory breaches or breaches of statutory employment entitlement so um you can throw in stress all right and it might add a bit of color to your claim but to be honest with you i don't think it's going to add or amount to a hill of beans quite frankly alan wardlaw i was offered a two bed two bath apartment in balbregan for 120 thousand possible 130 just getting the paid out of the family home of about that's it's on the main street over shop isn't this a good investment i'll i'm too long of the tooth to be giving you advice about this property about which i know absolutely nothing um so i'll kick the touch on that one i can't tell you that's good advice or a good investment or not uh and i you know anybody who's gonna have a youtube live a video and answer questions and give you um advice on that i'd be careful enough to be honest with you if i was you sean o'sullivan i'm currently in disagreement with my work and feel i have a smoking gun but they're still delaying my claim why do companies behave like this companies behave like this because you may think you have a smoking gun but maybe you don't maybe you're firing blanks you are in a disagreement with your work but your difficulty is this work is based on the old master servant relationship and the employer is in quite a strong position notwithstanding all of the employment law legislation and so on and so forth so i'd be careful if i was if i was you dr hurley many thanks for your thoughts no problem paul o'shea you're lying about bitcoin the losses say they hate bitcoin because there's no legal tender attached they have no jurisdiction over it um sam polo shea that is absolute horseshit but anyway we'll move on sam david hi terry enjoy your investment videos any thoughts and opinions in investing in cryptocurrency such as bitcoin would it be something you have your eye on shares as i've already said no cryptocurrency is not for me i have no interest in it but if paul or shea and fellas like him want to wade in fire away but just don't expect me to do it i'm being asked for my opinion here my opinion is i'm going to steer clear of it katie what advice would you give to a landlord whose tenant is overhauling commercially you don't have much choice kitty i do you go to court and you get an order to uh get them evicted or you come to sort of some sort of a deal some sort of an arrangement uh some sort of term so that's really it ronan rms hi terry is it a fraud when a person proposed the partnership in company taking money and refused to sign a contract firstly you can't really propose a partnership and company because a company is by definition not a partnership to raise a shareholding there may well be a shareholders agreement which may well be advisable but it's not a partnership so i don't know what representations or promises may have been made to you but in the normal course of events then you know people change their mind and things don't turn out the way you might expect them to turn out so it wouldn't necessarily follow that it's a fraud it may well be part of some sort of robust negotiation or whatever or it could be fraud i don't know but you're going to have a hard time proven fraud in a situation like that you're better off chalking it down to experience in my view and moving on katherine madge douglas hi terry if you're working a full-time job and you work part-time paying taxes on both jobs can you get paid redundancy for the part-time job you can be made redundant from a part-time job yeah um or you can be made redundant from any job and obviously your length of service is going to determine how much you are going to get um by way of redundancy have you ever gone for a scoop in frank ryan's i don't know where frank ryan's is but jielson but i've gone for a scoop and a fair few pubs in dublin quite frankly um and i really like the ones on the north side but my favorite actually is one that i go to every year with my wife uh we get the bus up from my home place and we get um buckle drunk uh on the day and we get the bus and it's hard bit of fun but that particular pub is the oval it's the one there beside easton's uh the side entrance to easton's on middle lobby street i like that place just it has a feel and i just like it it's kind of um it's kind of approaching than a prose rather than poetry you know if you if you think about drinking in terms of approach rather than poetry that's the place for you you know paul o'shea says you're lying that's um that's the end of uh paulo shay connect kennedy can you talk a little bit of setting up your own business as a means creating another income stream and what support in terms of funding you can utilize boom setting up your own business as a means of creating another income i mean obviously you can set up your own business and you know i wouldn't be too concerned to be honest with you about funding you can utilize because i've spent my whole life starting businesses and selling businesses and hustling and grinding and i've never got a cent from the state and so the most important focus i think you should have would probably be on the business the success of your business is going to come down to you it's going to come down to your attitude it's going to come down to the actual concept etc so rather than worrying about funding or uh where you might get funding and so on and so forth i'd be more concerned about the uh the meat and potatoes of the business is it a good one can you get pointers can you make sales that's how you make a business on hi terry i wonder what your thoughts are on the judicial council that joining their discussion on personal injury awards until march seems a lot of a disagreement in the ranks yeah this is a hot potato and you know i'm not going to wait in here and leave my self open to all sorts of criticisms i know the judges or certain judges i think probably have concerns about the way that debate is going but it's not something that really concerns me the law is the law and all i'm going to do is hustle and grind try and get clients and whatever the law is the law is um that would be my my attitude but i do know that there's a lot of populism a lot of populist shite quite frankly on twitter and so on about personal injury claims and that sort of thing and i'd be afraid of swaying a pendulum swing in the other direction where people who are genuinely injured and are genuinely suffering personal injuries etc as a consequence of somebody else's negligence are being looked down upon or are not being compensated for the negligence of other parties and that's what the law is supposed to do he's supposed to redress the balance and and give some justice etc daryl o'rourke advice for 22 year old graduate in 2021 love the videos thanks terry dara my advice to you is never tireless in a revolving door no that's look uh i don't have any advice i mean you know your attitude it was one piece of advice i'd say have a good attitude and if you don't have a good attitude you're going to be in difficulty thomas walsh hello terry i have about 40k of savings that i'm willing to invest in property commercial or private what is my best way to get into this one of my businesses only set up about a year ago well if you're 40 grand in savings thomas you've done well um it's up to yourself what your particular skills are i mean if that was me and if turning back the clock to 1986 or 87 when i started um i mean i took on a shop unit and uh with my brother pat and we worked really really hard and we invested in a property but we built a business in it and we did really well out of it we doubled our money in a relatively relatively short period of time during a time of pandemic or time of recession rather so it depends on your skills it depends on your skill set depends on how hard you're willing to work depends on your personal circumstances and so on you could buy a residential property you could buy a commercial property um there's any number of things you can do and investment property investment is all about two things a capital and b imagination and you're better off having a lot of imaginations and a lot of capital because you can always get the capital whereas you can never get the imagination in my view katie do you see any benefits from raising rot pre-contract in conveyancing now or has to slow down the whole process um rot pre-contract in conveyancing the process now i don't think has this improved if anything it probably has improved obviously we're getting free contract um or we're getting replaced requisitions and so on in advance now and the thing is not too bad i mean it's it's down to human nature i suppose and people actually getting the contracts out in time getting the title documents in time being um advised by their clients that they're selling and that the solicitor can get onto the bank and that the bank let out the deeds and so on so the process is not too bad theoretically but it is down to human actors a lot of times khadija khadij what career change would you advise in this pandemic i worked in hospitality but as first sector gets hit in crisis that's a difficulty i mean i cannot can't give you any career advice quite frankly um i really can't tell you but i know i'm just very lucky in so far as in my game i um have been unaffected quite frankly and i know i'm very very lucky because if i had a pub or if i had a coffee shop or a restaurant or whatever i'd be in serious difficulty and i mean 12 months of sitting and not being able to trade would absolutely kill me you know i've worked very very hard for 35 36 years whatever and it would kill me to be sitting on the sidelines for 12 months thankfully in the game i mean i don't have to do that so i've been looking but i can't give you advice as to career change i'm afraid i'm not that um i just can't do that what journey to success hi terry what warrants a judge to accept the preparation time costs order against the respondent how does the respondent have to behave to meet this i'm not really sure what you're asking me their uh journey to success at what warrants the judge to accept a preparation time costs order against respondents i don't know what context you're talking about there what type of the case you know now we need to would you be my solicitor for buying 160 000 euro house county cabin i'd be happy to yes and i've had a good bit of property myself in county calvin from time to time i've had sites i've had a pub um in uh up around belt orbit and so on so look no problem daniel or send me an email if you want and and i can give you a quotation if you like daniel or diary hi terry what are the legal costs of bringing unfair dismissal claims to wrc it depends who's acting for you daniel i mean my typical cost quite frankly or my typical fee for wrc claim would be in the region of two and a half grand and that's for preparation and submissions and representation on the day and so on and so forth that's for a wrc hearing but other um solicitors other barristers etc i don't know what they're charging so you need to uh you need to make your own inquiries there princess princess terry please block paul o'shea permanently from your channel he's rude and very offensive unacceptable absolutely i agree with you princess princess james hopkins institutions are hedging their bets as far as crypto 2.5 percent of liquid assets invested 80 in btc and 20 and read the white papers for both sound advice don't invest what you don't understand look that's my philosophy james i'm not ramming my philosophy down anybody else's throat but i like when i buy shares in smartphones i know they're making cardboard boxes i've been in the factory i've been down the road i've sold sandwiches to their employees i know what they do so i'm happy buying shares and smart foots i'm happy buying shares in amazon in twitter in snapchat and so on because i know what they're doing crypto don't really know requisitions on title sorry katie yeah i understand case replies requisitions look it makes it handy all right absolutely and the fact that they're prepared in advance is a good move it's certainly no harm what is the best way to pass on a property portfolio to your kids from an inheritance and tax point of view well i'm not really sure about that now david i mean it depends on the value of the property portfolio obviously your kids have is it 335 or 350 grand or thereabouts of an exemption um so each child probably has that i think and you quote i suppose split it up but it depends on the value of your portfolio there may well be tax planning that you can do and you can set up a trust and get all really fancy and so on and so forth i'm you know a solicitor and um an entrepreneur and i've been in business for a good while but obviously i'm not going to wade into complex tax advice so i'll have to kick the touch on that one david sam david any thoughts and opinions where we are ireland in relation to cove 19 what gives you hope in going forward for the future and how can we scale back from the populist nonsense mostly on the right yeah i hate populism i hate populism on the right and i hate populism on the left my thoughts on the cove of 19 are we are where we are we need to do what we can in terms of following the public health advice and i think we need to let the vaccine roll out take its course on a neat i think we really need to behave like adults and be patient we don't have any choice people are whinging and whining about you know what i mean i can't put up with much more of this etc what's the option you know what is the alternative we're going to let the bloody thing rip and look at our parents and our grandparents and so on and die in nursing homes and look at the hospitals fill up and the hospital's icu units fill up and so on and so forth that's not a possibility so we're all pissed off and we're all tired we've all had enough but there is no game in town apart from the vaccine and rolling it out and the uk are no further on than us i think you know but yeah populist nonsense pisses me off quite frankly um and whether it's coming from the right or come from the left but there is enough lot of harsh [ __ ] there and um about the anti-anti-vaxx and anti-wearing masks and all that [ __ ] i mean with these tinfoil hat wearing conspiracy theorists like jesus christ get a life you know anyway thomas walls thanks for the answer i'm a hard worker and i was looking for the next opportunity the problem i'm thinking with getting into the property is getting money off the bank so i'm only in business a year i don't think there's any difficulty there at hummus i got money off the banks on austin business at all i mean the bank is going to give you money if they think they're going to get their money back that's the key thing will you be able to pay it back so can you persuade the bank that regardless of being in business for only a year are they likely to get the money back if you can put a compelling proposition to them or indeed to anybody else that you know you lend the money to me and you'll be getting it back along with interest that's how banks make money so banks need lads like you to lend money to because that's how they make money and that's why loan offers and loan packs come in here all all the time books that inspired you and you have learned from a lot i learned a lot from um from peter lynch's investment books there's two investment books there that i recommend highly to do with shares and so on but i've read a lot of books then over the years about property investment and so on and so forth as well but peter lynch's books um something on wall street can't remember beating the street or something it's carl and there's another one they're very very similar but they're good books um sound investment principles that's the sort of principles that i teach in my investment course peter hennessy hi terry how much capital gains tax do you pay when withdrawing money from the gyro depends how much of a capital gain you make peter you only make a capital gain when you have a disposal and you only have a capital gain when you have a disposal at a price that's far greater than your acquisition cost so um it depends on how much of a capital gain you have but in ireland i think the capital gains tax rate is 33 or something like that not a hundred percent uh and the cost of acquisition is is important because you may have a number of shares in a company and you may not have bought them on at the same time so there's cost averaging and so on and so forth that you might have to do uh depending on the timing of when you bought the share so you know that's not an easy question to answer and to be honest with you i'd be getting on to my accountant at the end of the year and saying look here's the shares that i sold here's the ones i made a gain on here's the ones i made a loss on and i i let him do that thing you know name calling hot about sweden india no lockdown since july [ __ ] would you represent a mask debater if they asked you to go to court um unfortunately i don't go to court much but i would represent anybody who would um who would need representation that would be no difficulty because i don't agree with everybody who comes in here and i represent them i may have a different view completely but i am a professional and i would provide representation uh provided i was paid quite frankly and that's that's the way it goes um terry billy buchanan hi terry i have savings of just under 200 grand i've just received plan information to build a house where i grew up in mead jesus you have savings over 200 grand fair play but now i'm thinking the money could be put to better use if i was to i don't know billy you're in a lucky position there obviously uh if you've received flying informations up to yourself whether you want to build uh that house or whether you want to sell the site there could well be um a planning condition there to do with occupancy for the first number of years etc so you need to have a look for that david cannon thanks for helping keep up the good work it's much appreciated thanks davis billy buchanan uh you have savings are just on 200 grand that's grand investment property let it out i'm self-employed and currently single so i'm not not a real panic to build any advice would be greatly appreciated it's up to yourself billy i mean that's a really lifestyle choice you're in a very very lucky position obviously that you have 200 grand in savings in your looking position as well that you can build a house with plan information account you need that's the site that's what a few bobs so that's what um that is worth a few bob so it's up to yourself really now sue's name calling what about sweden india no lockdown what about sweden like that's such a ridiculous trite uh comment uh what about sweden sweden my arse because uh sweden were um flag carriers for all sorts of knuckle drivers quite frankly and um conspiracy theorists and yes in the heel of the hunt things went badly wrong for sweden and they weren't seen to be any more enlightened than any of the rest of us who are following the world health organization um advice opinion on foreigners in ie i have no problem with foreigners in ie i presume you refer to ireland and i have no difficulty with foreigners i think it's great for the um for the country and i think it's great for anybody who comes in and builds a life here i know that irish people have gone all over the world from uh time immemorial um and made livings and made good lives for themselves in all sorts of uh all sorts of countries all over the globe so i have no problem with foreigners whatsoever ever in ireland ariana wagner love your videos terry thank you ariana but jillson what industries would you consider investing in in a post-covet world well i have shares in ryanair and i was listening to bbc radio 4 there this morning a business program and easyjet is after experiencing an absolute massive surge in the last couple of days in airline tickets because of the british government's approach or promise that from june onwards things would be rocking and rolling in the uk so you know i think that airline tickets um perhaps even hotels and so on may well bounce back and it may well be a good time to do a bit of bottom fishing as it were if you were looking to buy a few shares and perhaps look at the industries that might show the greatest amount of recovery but airline tickets and hotels perhaps would be um would be areas that would be worth to look at ariana wagner or wagner i'm not sure any tips on trying to get planning for a septic tank looking to buy an old house with no water or waste systems i don't know why you'd be looking to buy a house with no water or waste because you're going to have to bore a well and you're going to have to install some sort of a treatment system or some sort of a septic tank and obviously for planning for a septic tank and enviro envirocycle or biocycle units and so on and so forth you're going to be at the mercy of the um the local authority so you're going to have to deal with the local authority get planning permission and you probably will have a percolation test and so on and so forth princess princess what are your views on the bank's negative interest charge on client account and solicitor's practice i don't really have a view on that princess princess and to be honest with you i haven't really looked into it um i may well have a strong view at some point in the near future and i know that the law society um the president or uh i think is the president of the law society is campaigning hard and writing letters and encouraging also solicitors to obviously campaign with our local um representatives or public representatives but i'm not really a hundred percent about the negative interest charge and client accounting solutions practices at the moment so i don't have a strong view on that to get a drink of water there questions are drying up there now so a lot of questions about property a lot of questions about shares and so on but um if you have any other questions now don't be afraid to put them in there but i mean any sort of conspiracy theory [ __ ] you can keep it i have no interest in it whatsoever and i look forward to doing a review of um an upcoming court case there where the supreme court is going to be dealing with um dealing with certain issues arising from the introduction by the government in the public interest to order our affairs in such a way that we actually look after each other so looking forward to the outcome from the court of appeal i think it is in the john waters and general dardy case um if you have a house that was destroyed in a fire can you build again without planning i've just discovered that the bloody uh microphone was actually over there so i hope i'm not lifting you out of it there now with the volume but anyway if you have a house that was destroyed in a fire can you build again without planning no don't think so conrad i think you will need planning um i think you will need planning yeah jeff s we are looking to rent in ireland with a view to buying at a later date ll will need references but then we've been homeowners for 30 years they've employed and are retiring what refs would be acceptable we're looking to rent in ireland it's hard to know what sort of references will be acceptable jeff i mean obviously it's going to come down to the individual landlord um it depends what part of ireland is as well that you wish to choose or wish to rent in obviously landlords are going to make their own judgment when they meet you and so on and sometimes landlords will actually just get a feel for a person like we all do and decide um that they are perfectly happy to take whatever references you might have so i wouldn't be too concerned about that i have no thoughts on gamestop but jillson none whatsoever on the subject of populism if shin fein were to ever enter government what would their left-wing economic policy drive private enterprise jobs of ireland well sam davis um certainly if shin fein were to act on the largest that they are promising in opposition then it would be a difficult enough job balancing a budget every year and so on but perhaps they would discover that when they're in government what they said when they were in opposition could be two completely different things but that remains to be seen i mean maybe and let's face it looking at the opinion polls and so forth are going to get a chance sooner rather than later but uh let's let's see what happens but the populism nonsense um that's look that's that's up to themselves you know i mean people will buy it hook line and sinker to a great extent and then they discover uh that they were sold a pup and then they'll spend five ten years complaining about sinn fein finified finnegal you name it you know you can insert any political party you like there i mean didn't look into the crate and have a political party that promised the sun moon and star so while and then disappeared off the map so sean o'sullivan have you ever encountered a professional who was sucked in by the anti-vaxxer types i don't think i have sean i mean the anti-vaxxers i mean obviously there is the occasional or some professionals uh who have an opinion and who have uh sort of a out of left field or minority opinion and they're entitled to their opinion but um vaccines have done a very good job for people in general on the face of the planet so i wouldn't be too um i would be too concerned about an outlier view or a minority view or whatever provided that the public health advice is generally being followed and thankfully most people are following along with it and so on jeff s what would be a reasonable offer on a property of say 200 000 euros as we wouldn't want to insult a vendor well you need never worry of jeff s about insulting a vendor because um you know they should be tick skinned enough to know that it's just a negotiation and it's nothing personal and that's just the nature of it um so 200 grand it depends on the property you could offer 180 185 but it will depend on the property it'll depend on the condition and it'll depend on other things as well as to whether there's any uh any work to be carried out etc etc you know what mistakes you made in 2008 crisis and things you learn from that in 2008 i suppose i mean i didn't really make any mistakes i wanted to change a lifestyle and i ended up building property in in longford and um i wanted a lifestyle change and i got it but then the market uh crashed and obviously had a huge effect on me huge effect on my circumstances i lost all my capital everything had earned up to that point but rather than mistakes that i learned it compelled me then with my back to the wall to go and study law at a mature age and do something that i absolutely love and so you make the best of it but that goes back to what i said at the outset of this video your attitude is key and i could have spent a lot of time watching um or i could have spent a lot of time whinging and giving out about politicians about the banks about the europeans about the americans about you name it what have you got but instead you know you can pick yourself up and just do your best and maybe have another go or something else and that's how it worked out for me so that'd be my view um tt terrible height harry other than the guards what options can be taken to stop another person contacting another using social media or any other communication devices the individual already asked for everybody to stop you could go to a solicitor and have a letter written and you could probably threaten some sort of legal proceedings some sort of civil proceedings um to do with nuisance private nuisance public nuisance perhaps something of that nature or if it was defamatory or if the comments were being made public um you know it's hard to know um but the options um you could report to the guards and maybe that'll have the desired effect but it's hard to know and it's hard to know exactly what the nature of the problem is there you know do you think inflation will kick in soon david cannon asks i don't think so david that's just my own view um that's just my own view but i'm not an economist thomas rowan says hi terry great channel i'm a homeowner with mortgage with one investment property with small mortgage how do i fund second investment property pay off forced investment property and leverage that you could thomas yeah you could go to the bank and you could tell them what you want to do and it's in their interest to lend money and how they make money is by lending money so you could go and go around to the various banks go to a broker as well and see what options might be available to you they'll be anxious enough to lend the money if they have security and if they think they're going to get the money back because as i say that's how banks make money you know mr nice when taking ex-employer to et e.t i presume you're referring to employment tribunal or in uk for automatic unfairness missile i have no idea mr nice about uk law i'm not a uk lawyer i'm not qualified in the uk know nothing about the uk and we don't have an employment tribunal here we have the workplace relations commission so i can't answer that question i'm afraid sam david thanks terry i worry about our political trends i work in i.t we've got a lot of bright
young talent and i hope we can build environment which is pro enterprise and pro business i hope so as well and i think generally quite frankly that the irish people are fairly sensible and and fairly smart because i think if you look at how ireland does and how irish people do generally on a worldwide basis i think generally we actually perform quite well and we punch above our weight for a small little country i think we do well so i think we probably uh might give ourselves enough credit from time to time sometimes we give ourselves too much credit like we're the best fans in the world and all that stuff but sometimes we might give ourselves enough credit and might just recognize how well we've done since for example the crash of a number of years ago 10 11 12 years ago and how the economy has bounced back like that's a fair old um fearow turnaround especially when you consider the clamor at the time that we should just be bankrupt on ourselves we should refuse to pay everybody and i think shin fein were advancing that proposition that we should just let the europeans and the banks and everybody else go swing and not pay them back but i think that the folly of that sort of advice that proposition is to be seen now and let's face it look what happened in greece when they tried to do that like merkel you know soon put an end to that and then your man the fancy ass economist driving around on his harley davidson in london when when greece was burning um you know he's making a career now as a media man or something isn't he anyway yes employment tribunal employment tribunal in uk mr knight don't know anything about it sean o'sullivan on average how often for employees gets favorable they're coming to wrc i don't know what the win statistics are sean and i don't know whether those statistics exist or not i do know that the wrc produce a report every year and to set out the number of claims and types of claims and so on and so forth but i don't know the the win loss rate for employees conrad kennedy i'll be on to you anyway once i decide what i want to do in terms of property thanks to that's grant good stuff you can send me an email or whatever and we can get the show on the road then you know so that's it uh what is it 16 40. time for a few more questions there are another 20 minutes or thereabouts so if you have any more questions i am happy enough to take them and if you find the useful or of the video useful and if you find this um i would appreciate if you gave it a few likes or thumbs ups there or whatever because it helps with the the algorithm which obviously is owned by google which is in turn owned by alphabet and i'm a shareholder but anyway that's by the buy obviously investing in shares in the likes of alphabet which is the uh sort of legal name for google and google's enterprises and the likes of amazon um and the likes of twitter and so on um they're decent enough investments they're decent enough investments and let's face it we all know that the likes of amazon and the likes of google are probably going to continue growing but we also know that the likes of smurfette's making cardboard boxes and so on and so forth are probably going to do fine as well they're around a long time and the likes of cement roads done and so on so what when do you think when do you the wrc will be back fully i don't think uh i don't know michael wenderbach i do know that we're going through what i'm going through at the moment um i'm going through virtual hearings there at the moment and um they're regular enough every week every second week to regular and quite frankly the virtual hearings are not too bad um i thought it'd be a bit of a [ __ ] storm initially but they're actually quite good you know and work out quite well from my perspective certainly it's great to be able to actually conduct a virtual hearing from here without moving from the office it saves me a hell of a lot of time and so on so it's not nearly as bad as you might think at the outset you know uh to do thomas ruan any tips on how to safely grow a property portfolio for income down the road 15 plus years thomas you need to start it's like eating how do you eat an elephant like one bite at a time so you need to start one property and you need to start one decent property and take it from there and build up and hopefully you do okay but you know it depends on what sort of a property portfolio you're looking at it depends on whether it's residential or commercial and so on and so forth so it's difficult to be prescriptive in this setting believe you can and terry if you had 200k in the bank what would you do with it i mean in terms of investment not just buying an expensive car thanks to channel is great billy buchanan um i would invest in shares i would invest in uk shares to be honest with you that's what i would do with it now i would spread it around but i have a little portfolio there of uk shares which i got into about three months ago and i checked yesterday and they're up 28 and i took the view about three months ago that the twin storm of brexit and negotiations and the fears over brexit and going off at cliff and the covert 19 shitstorm depressed unnecessarily or in an exaggerated way uk share prices and i bought blue chip uk shares so i bought vodafone i bought barclays bank about lloyd's bank and so on and i have a 28 gain so i'm not giving investment advice here but if you look around you you can draw your own conclusions and i think the uk economy will bounce back fairly well so i've had 200 grand at the moment i probably would put it into shares i would uh have a portfolio and i'd spread my risk a bit across different shares and different uh types of company and so on and so forth but that's what i'd probably do now having said that if i was 23 years of age again or 25 years of age and they had 200 grand i wouldn't put it in shares i'd put into property and i'd hustle and grind and build a business that way some sort of a property investment situation conlet kennedy are you worried about anti-monopoly policy in terms of big take in the american market not really at the moment although there is obviously a huge um there is a lot of questions being asked about the likes of google and facebook under power and let's face it their power is absolutely significant and all you have to see or look at is what the facebook is doing there or has been doing with the australian government and that dispute so something will have to be done all right in terms of creating boundaries reasonable boundaries that society can live with and which the social media companies can live with as well but obviously the pendulum may have swung a bit too far in terms of the likes of facebook and the amount of power that they had which was manifested in that muppet trump being elected thoughts on retro retroactive taxation and pub payments don't really have any thoughts on that i mean i think we all should be paying tax and the reason we all should pay taxes because i think some of us are stronger and better than others and i think we should all contribute in some way to looking after people who are less fortunate than us who are less capable than us who are less lucky than us who fall on hard times and i think that's the very simple way and the basic way that i look at taxation i think we should all be chipping in for that so i don't have any issue to be honest with you um about that have you ever accidentally turned yourself into a cat on a virtual hearing into a cat oh i haven't sean not yet anyway twitch would but hopefully it won't happen next week there have another wrc hearing coming up there next week could you see an avalanche of employment lanes coming down the line due to covert i don't think so michael that's just my gut worker number 67 i worked in a place that had no health and safety in place no manual handling no accident report book i suffered an accident at work and are now taking a case in high court well more look to you and i hope the case works out for you and i hope you can prove negligence if that's the way the situation was well then the employer is certainly going to have a hard time resisting your claim and avoiding liability but i hope the case works out for you will the lack of an ability to formally report the action that work against me in hc no it won't shouldn't i don't think because obviously the lack of an ability to formally report it that sort of system should be in place put there by the employer not necessarily by you now if you went though and did nothing at all and sat on your hands and popped up then some time later and claimed you suffered an accident but never told anybody that would be a slightly different situation but if there was no system for reporting accidents and there wasn't a safe place of work and no accident report situation no health and safety officer perhaps no safety statement then all of that will reflect poorly i think on the employer sarah jane m for a person seeking career change look towards businesses that were closed or positively affected by the past year tech care food retail spring board skill nets or offer free or funded courses that's a good idea sarah jane that's a good contribution yeah absolutely for anyone seeking a career change have a look there what sarah jane has to say but there is uh courses and skill nets offering free or funded courses and tech companies are willing to pay train you if you're willing to learn going in at the bottom will be lower paid but you rise up and ask them set you a training and development plan that's fair enough and that's good comment yeah absolutely and that all comes back to what i've said already your attitude is key if you have that sort of an attitude and you're going into a place and you want to hustle and grind you want to work hard you want to progress you want to learn you'll do fine and the company will recognize you for that and will recognize your ability and your willingness and attitude that's the one thing that i always look for in any employee on your point about ireland doing well globally i think an area ireland is doing quite well in his online learning courses and training especially in computer science sam david yeah absolutely you might be right there but i think the irish educational system is very good and i think irish people irish young people especially are very well educated and i think generally irish people have a good attitude and i think we do punch above our weight generally you know amish tawari do we need to pay tax on capital gain yes we do amit we have to look after people who are less fortunate than us and we need to fund guards or police we need to fund the hospital service we need to fund public services and so on and that's how we do it the money doesn't grow on a money tree it grows from people like you and me paying taxes contributing into a central fund and hoping the christ that the government and the civil service look after the money all right and distribute it to people in a fair way and look after it and not squander it my landlord asking to increase rent is is it allowed in pandemic if not what are my options amit tawari i'm not sure about that i'm not sure whether your landlord is a commercial or residential and you haven't said i mean if it's commercial he's entitled to ask you to increase rent if he's residential i'm not sure he can probably ask you anyway he probably can't impose a change and i do know that there's a sort of a moratorium there at the moment uh from the residential tenancies board in relation to evictions or terminations of residential letting agreements and so on and so forth so there probably is a good bit of leeway there in terms of a good bit of protection i mean can an international student take fe1 jung lim i'm not sure i am sure you can young keith lim um you'd want to check with the law society i don't know i'm just a solicitor and i'm just the guy who who tries to make a living as best i can ireland or sullivan any tips on how to get around qualifying for a loan for a buy to let property minimum down payments are super high and you need to have a relatively high income to qualify not really and i'd be slow enough to give any body advice about how to get around a minimum loan payments or mislead the bank's writing i do know a fella one time though and i i know i did it myself actually that when i was starting off i went to the credit union and borrowed a few bob and then i slapped about that money into the bank and then after a little while with the bank i looked to borrow money there and i said look i've saved all this money i want to borrow a few bob off you and you know i got away with it then i wouldn't recommend it um i misled them yes absolutely hold my hands up but a friend of mine was good at that as well and we used to go to the credit union borrow money put in the bank and then say look we've saved this money so but i wouldn't recommend that now here let no i have no uh no guidance there sean o'sullivan did you ever consider politics do you think you're too straight talker i think sean and toad stayed talking first and if you knew how many people i'm after uh removing from this chat from this live chat and banning as it were i think that i probably wouldn't have the tolerance or the patience for it i've been interested in all right and i observe what's going on but it probably wouldn't be for me you know dan barna i've just bought my first btl property thanks for your advice jesus stan i hope it works out would you recommend getting an accountant for my books or trying to learn how to do them myself your first bite or less your first bite to let down shouldn't involve too much book work in terms of accounting etc i mean you obviously you're going to have to make a return every year to the revenue commissioner's case five income but all you need is your accountant etc so uh you know i don't think there's any huge learning involved there your accountant should be able to tell you fairly quickly you know in a one-page email or whatever what you can write off what you can't write off and so on and so forth but if it's just a bite left properly it's a three bed sammy or whatever two bed apartment then it should be relatively straightforward and i wouldn't be too concerned about the books but i would be concerned about ensuring that you're kosher with the revenue commissioners so i would ensure to get an accountant every year just to do the return for you you should be able to do that there's plenty of people providing a good service bookkeepers i come across them all the time robert mcdonald what are the grounds for the retention of a deposit what do they have to show to keep us that presumably robert is to do with residential property what they have to show is that you have damaged if you're lieutenant not saying you are i'm not saying you damage anything but they have to show damage to the property so the landlord can't retain the residential deposits the residential netting deposit for anything other than damages to the property that's my view that's my understanding rather and that's what the purpose of the deposit is for gary lloyd when leave is granted in a judicial review case what is the next stage do you play again for judicial review uh the next stage i can't really remember gary and i haven't done any judicial review cases uh but no the leave is granted so you then i think go ahead with your case and the next stage is basically to to present whatever it is whatever arguments you have in relation to seating whatever remedy you're looking for so you have to get leave first you're absolutely right and after that then you have a hearing don't think the hearing is on the same day but it will be coming soon soon after that um and it follows on from the leave being granted a renter security deposit yeah that's that's fair enough in buying property with land if there are only verbal rights of way from decades ago no rights of way written in the folios is there some other checks i should do to be say that's a difficult situation there you'd be careful there and i've just been reviewing a case there before i started this live stream about rights of way and so on i mean you will have people claiming that there's rights of way going back years and years and years but you really do have to register them to be sure of your rights and to assert them and have them registered on folios and so on and that will come down to applications to the property registration authority and those applications will be supported by uh affidavits affidavits as to use over the years and the more people you can get who will swear up and say yeah we were all going up and down that road there were assets and carts and loads of turf outside for years the better you know daigon actas hello there hello there dagan vincius schmidt hi vinnie here i started to follow your channel a few weeks ago amazing work thanks for sharing your knowledge with us thanks uh venezius vinicius schmidt your advice for first-time homebuyers please just save plenty of money um amit or ernie amit yeah what classic novel would you recommend on reading well if you're into law i would recognize or i would recommend reading bleak house if you wanted to get in just to reading old classics and you wanted to start perhaps with dickens i would recommend oliver twist bleak house is very good from a classic point of view or from a legal point of view um so i like thomas hardy's novels as well but i like all charles dickens novels they are on the choir taste but i think like cheese and beer they're a taste worth acquiring so tt terrible hey charlie will any solicitor provide a cease and desist letter or does the plaintiff need to seek out a slander and harassment solicitor for a person who has verbally claimed slander of another person tt terrible any solicitor will do that because uh yeah any solicitor can provide you with a letter now you can't go to a solicitor and say i want a letter written to such and such a person without some basis for it in other words you can't just ask a solicitor to work on a sort of a secretarial basis for you and write letters at your at your behest because if there's no basis to it a solicitor does have a professional duty to behave professionally and can't be sending threatening letters to people if there's no reality to it if there's no grounds on which to send such letters so it will depend on the circumstances but you don't need a specialist csun assist solicitor or slander an harassment solicitor no and it's defamation anyway you're looking at if that's what you claim craig hi i've recently went self-employed and will be looking to buy my first house in the future what is the best way to go from here tanks craig obviously you need to save a few bob or get the money together for a deposit and then you need to go rock up to the bank and get finance arranged and they'll tell you how much to prepare to lend if anything they will look for um they will look for accounts especially if you're self-employed and if you've only become self-employed you may be in difficulty because they may be looking for perhaps three-year self-employed records etc so you're going to have a problem there if you've only just started becoming self-employed so you might have a problem there but look at bottom line is you need to sort out the finance situation first and then you need to find a property vinicius schmidt i have one question do you think variable mortgage rates will increase or decrease in the long run if and it's just having a bulls to be honest with you i mean obviously variable mortgage rates are low at the moment mortgage rates generally are low so i wouldn't have any difficulty um and i have a kind of a philosophy that if you really need the money you're not going to be really caring whether it's four percent or five percent you're paying attention if some bank is prepared to give it to you in other words if you need money uh to buy a house or to buy a shop or to buy a premises or to build a business then paying four percent or paying five percent won't amount to a hill of beans that's my view you know key in neyland would you recommend immigrating to the us for some sort of trade or should i stay in ireland to the us i don't know why kian you'd emigrate to the us for some sort of trade um i'm not sure what trade you're referring to there i mean should you stay in ireland again that's a lifestyle choice you know um you're gonna have to you're gonna have to um decide that yourself diagnose i'm a bit late if you mentioned earlier sorry about that any advice for buying a rental property in ireland you just need to get the money together um dagan and you need obviously to arrange finance and you need to buy the property in an area that's going to let now at the moment quite frankly there's such a shortage of rental properties that you can rent anywhere anything anywhere um that won't always be the case so delta fight thanks terry for being a source of sanity especially these days yourself and luke and neil give me hope the world hasn't gone mad thanks delta fight and that's actually a very good note to finish on because i am a great fan of that luke o'neal fella i think he's fantastic he's a great attitude and he has such a positive attitude that he is an antidote he is a vaccine for all those not knuckle drivers the tinfoil hat wearing conspiracy theorists so that's it it's five o'clock there now we're gonna call a hulk look what if you got anything useful in this um live stream you might just leave a comment below and encourage me to do it again or whatever and leave a like i'd really appreciate it thanks a lot okay i'm going to call halt there nope thanks for um dropping by and thanks for your contributions thanks for your support hey kieran esther 16 years old and i have a dream of being a property developer but i know you can't just do the leave and start to become a product developer invest
2021-03-01 18:01
