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Updated over 8 years ago,
Cash reserves + flipping?
I understand that having some of your own saved up money($3000 - $5000 worth) is useful in case something bad happens. I can definitely see this been used for rentals, but what about flips?
If I was raising capital for a deal, could I add an extra $5000 to the equation to act as cash reserves? Would I need to use any of my own money as a result? Or is there something I'm missing?
Thanks in advance!