The Property Podcast ASK325: Should I cash in my crypto to buy another property? PLUS: How much cash should I keep in reserve?
It’s Tuesday and you know what that means...
Rob & Rob are back to answer more of your property questions! Except this week, it’s not all about property!
Rob (yes, another one!) has sent in an interesting question about crypto. He’s been listening to the podcast for two years now and he’s just purchased his first BTL property in Worcester (congrats!) and he’s considering buying another.
Alongside kicking-off his property portfolio, he’s also got a decent cryptocurrency portfolio that has gone up a fair bit in value since he first invested.
He’d like to know if he should pull out his crypto profits and buy a second property?
With crypto having the potential to skyrocket even further the general consensus is that he should sit tight, but what he wants to know is what Rob & Rob would do?
Next up John from Ireland wants to get the guys’ opinion on reserve funds.
Having built up a diverse portfolio of seven properties, John’s been wondering what could happen if a rainy day comes.
It’s sod’s law that everything typically seems to go wrong at once, and the best thing an investor can do is put some money aside as a reserve fund for those unforeseen circumstances.
But how much on average should you be putting aside?
Tune in to find out what advice the guys have got to give.
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