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Updated almost 4 years ago on . Most recent reply

User Stats

7
Posts
3
Votes
Bryant Payne
  • Rental Property Investor
  • Geneva, NY
3
Votes |
7
Posts

How much is "enough" in terms of Reserves?

Bryant Payne
  • Rental Property Investor
  • Geneva, NY
Posted

Hello BP!

On the subject of LTR, what would you say is a healthy reserve? My search consists of duplex listings at or under $120k, 25% down and no more than $10k in rehab. 

What would be considered a safe reserve amount outside of money down and rehab costs?

Thanks in advance!

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