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EPISODE 212 - Cash Buffers ... what extra $$$ is needed?
Manage episode 402531511 series 3321104
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In this episode, Minh & Debbie talk through the additional funds required over and above the turnkey House & Land package price to get an SDA property tenanted and earning an income.
Many investors are unaware of the additional costs required, from finance and legal fees, to holding costs - rates and drawdown mortgage repayments as well as SDA-specific costs such as the one-off Provider fees, furniture packages along with a buffer for initial vacancy period for the time it takes to get your tenants in place and you start receiving the SDA payments from the NDIA.
Listen on for our take on the cash buffer required to safely and comfortably invest in an SDA property.
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