“It can pay to borrow a little bit of extra money to cover some of those bigger ticket maintenance things rather than using your emergency fund”
Pat Noll · Equity Mates Investing Podcast · Ask An Adviser: Where property is heading, debt recycling and the future of rentvesting with Pat Noll
Play from 39:38
39:38
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What was described
Borrowed extra money via an equity release to cover large maintenance expenses instead of using the emergency fund
Said nearby on the same subject
“Building an emergency fund. Probably nine out of 10 people that I actually meet as clients don't have an adequate emergency fund. Six month emergency fund”
“Do your baseline expenses, do your baseline budget. What's your bare minimum that you've got to pay? Divide that by 12 and then put the money aside. When you've got more money, put extra money.”