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Updated almost 4 years ago,
Paying Yourself and Build Reserves
Hello all,
I'm looking for interesting ways to pay yourself while building a significant cushion of cash reserves for each property. How do you generally execute this? Do you build up a pot of cash reserves and only then begin paying yourself net cash flow once your goal is reached (let's say 6 months of expenses)? Do you start paying yourself immediately after acquisition, while putting aside a designated amount each month for reserves? Something else?
Thanks!