Goals, Business Plans & Entities
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
When do you accept your profit?
Recently bought my first rental property. After all expenses it should cashflow around $157 per month.
My question is when do I withdraw the profit? Ideally the reserves would cover anything that came up, but you never know when a large unexpected expense comes up.
I'm saving up for house 2, do I take my $150/month and move it into my savings account? Or should I keep it in the checking account and withdraw the profit once I'm ready to buy the next one. Seems a little trivial but wondering how you all handle this.
Thanks!