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.
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