44 | Q&A - Building cash reserve, Next-door suburbs, Property professionals, Offset accounts, Buying at a premium, How to be a BA & Renovating for Profit
Episode description
For the last episode of 2015 and as promised for our Summer Series, we will be going through quite a few questions! Bryce Holdaway and Ben Kingsley will be answering the questions below from our fellow listeners.
It’s going to be a full-on one so sit tight! :
- Building cash reserve question from Maria: Can you please discuss how to build cash reserve buffers into your property investment plan, and the options for funding unexpected large expenses like medical expenses and family needing financial assistance?
- Investing on the suburb next-door questions from Peter: Is investing in a lower priced residential suburb surrounded by higher-value median suburbs a good investment strategy?
- Property professionals question from Josie: As you mentioned in your podcast, are Financial Adviser and Accountants the right people to get property advice from?
- Loan structure question from Mark: My partner and I have recently purchased our first home and are considering putting our loan repayments to interest only and banking the money we would be paying off the principal in an offset account. We want to get an investment property and start building a portfolio and see this as a way of saving money quickly. What do you guys think?
- Becoming a Buyers Agent question from Daniel: What does one need to do, to become a buyers agent?
- Renovating for profit question from Sylwia: I am at the stage of educating myself and would love to hear from you Gents about renovating for profit as an investment strategy.
Free resources mentioned in this podcast:
- Episode 17: Who’s your personal banker?
- Episode 23: Exit Strategy in Property Investment
- Episode 33: Q&A – Investing with Equity, First Home Buyers Tips, Buy-Reconstruct-Sell Strategy and Leasing to Relatives
If you like this Q&A episode, don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our
LISTEN TO THE FIRST 20 EPISODES HERE >>
MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 Web platform: https://www.moorr.com.au/
FREE MASTERCLASS:
- How to Build a Property Portfolio and Retire on $2,000 a week >>
FREE BEST-SELLING BOOKS:
- The Armchair Guide to Property Investing
- Make Money Simple Again
FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube