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Updated about 3 years ago on . Most recent reply

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Jason Moore
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Multi-Family and Apartment Investing

How much to have in Cash Reserve?

Jason Moore
Posted

Is there a general rule for how much to have in cash reserve? For instance, 100K property with 25% down assuming its turnkey. Should I do 10-15% in cash of the purchase price in case anything goes awry? With my first multifamily, I do not plan on taking any profits the first year. Thanks!

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