ASK204: Will these areas benefit from the ripple effect? PLUS: How much should I keep aside for a rainy day?

This week we’re talking about the ripple effect and also seeing if there’s a certain amount of cash you should be putting to one side for a rainy day.  Kicking us off on Ask Rob & Rob this week is Kevin. He’s listened to the podcast for over a year now and is interested in investing in the north. He’s obviously heard us bang on about our top city locations such and Manchester and Leeds, but he’s curious about the surrounding areas.  He’s particularly interested in Barnsley and Chesterfield.  He’s done some searching and thinks that both locations have all the right fundamentals - but will they benefit from the ripple effect of Sheffield and Leeds?  Listen as Rob B gives his two pennies and lets Kevin know what he thinks about the potential investment options a bit further up north.  The next question is from Graham who has a question about backup funds.  He started his buy-to-let journey two years ago and currently has three properties, with the aim of buying another two in the next six months. So Graham is wondering if there’s a general rule of thumb for putting a certain amount of money aside in the event of an emergency? He’s also wondering if this should change in-line with the more properties you purchase.  Is there a specific formula Graham should be considering? Listen as Rob D offers his advice on what Graham could do to save for the inevitable.  And don’t forget to tune in next week for another two questions on Ask Rob & Rob.   Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).    Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.