Mar 26, 2018
As a property owner, a financial buffer is one of the best decisions that you can make to avoid any unnecessary headaches. Or at least that seems to be what has worked for property investor Andy Scott.
In this episode, Smart Property Investment's Phil Tarrant sits
down with Andy who shares one of those potential headache scenarios
from his time investing. When a bill which should have been around
eight hundred dollars ended up costing more than six times that,
Andy was able to effectively manage both his funds and stress
levels and shares how his prior planning made that a
possibility.
Andy shares what he sets aside for each of his three properties as
a way of minimizing risk, and just how and when that money should
be spent.
The pair will also cover the benefits and challenges of investing interstate, whether property yield should be a main deciding factor when purchasing a property and answer some questions for those looking at using a property buyer.
If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email editor@smartpropertyinvestment.com.au for more insights!
RELATED AREAS OF INTEREST:
Eight common investor mistakes eating into your wealth
Time and effort: What makes a good buyer's agent
Why you should invest in multiple properties