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Updated almost 9 years ago on . Most recent reply
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What is the limit for reserves?
Hello, getting ready for my 1st property and I want to build a model for future investing. When do you stop saving for repairs? Say I save 5% for CapEx and eventually I have $10,000 saved. Do I continue to save or stop and turn that 5% into added cash flow? Also, with more than 1 unit do you save 10000 for each unit? Or reduce the amt alloted for each subsequent unit,as your total cash reserve grows? Ex. 1 unit-$10,000... 2 units-$17,500. Hopefully this is clear enough. Any input will be appreciated.