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Updated almost 6 years ago on . Most recent reply
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Saving for emergency fund
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.