Michael Houghton: ‘When you have a mortgage on a buy-to-let property, as we do, positive cash flow is rare’

Michael Houghton: ‘When you have a mortgage on a buy-to-let property, as we do, positive cash flow is rare’

I dropped a friend home one evening after a late night out and we got talking about property. He had just returned from the US and was back living in Ireland, renting while waiting for his new house to be built. It was a very nice house, in a good neighbourhood in Limerick.