Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

113
Posts
87
Votes
Geoffrey Schnake
  • Property Manager
  • Saint Petersburg, FL
87
Votes |
113
Posts

too much cap ex $ laying around

Geoffrey Schnake
  • Property Manager
  • Saint Petersburg, FL
Posted

Every month I put 10% of all rents collected in a reserve account for cap ex. I don't expect any major system expenses in the next few years, as most of my doors were total rehabs after I purchased them. I have ample credit to cover the inevitable big surprise. The  lost use of money sitting in this account is starting to bug me, it's getting near 100k. Anyone have an idea for a similiquid use for this capital?

Thanks for any input

Most Popular Reply

User Stats

8,666
Posts
4,014
Votes
Jon Klaus
  • Developer
  • Garland, TX
4,014
Votes |
8,666
Posts
Jon Klaus
  • Developer
  • Garland, TX
Replied

How about buying another property with it, and using a line of credit for at least part of your unpredictable CapEx?

Loading replies...