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Skater - it was one of the first threads I read when I first gained an interest in property investment. The thread really opened my eyes to the importance of managing contingencies and keeping some reserves for a rainy day. For those that haven't seen the thread, here is the link...

Of course it's a cash buffer - but psychologically I consider it as savings for the next deposit and would rather have reserves outside of that ($5,000 per property) as contingency. All savings and buffers are in offset account. N

At the moment, I'm being quite aggressive when it comes to cash buffers and contingencies. I've got $5,000 put aside for each property (vacancies, maintenance/repairs). I'd rather put the excess savings into my offset account and save for future deposits. I live at home with my parents and both...