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Updated almost 6 years ago on . Most recent reply

User Stats

18
Posts
12
Votes
Austin Latty
  • Elizabeth City, NC
12
Votes |
18
Posts

Saving for emergency fund

Austin Latty
  • Elizabeth City, NC
Posted

Hello all,

My question is about how much of a reserve pocket you guys think is necessary before buying the first rental property.  I know from listening to the BP money podcast you shouldn't buy when you aren't financially stable so I don't want to make that mistake.  In 4 months or so, I will have my general emergency fund funded with about 6 months of expenses.  Would you say this is enough or would you have a separate amount saved up for only investment related "emergencies"/capex?  Thanks for your input.

  • Austin Latty
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