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Updated about 5 years ago on . Most recent reply
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Reserves
How much do you put back in reserves for your properties on average? I know each situation is different.
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The banks like to see 6 month's worth of payment reserves. This should be way more than enough to cover any expenses you have.
I am a conservative investor and just feel better having that much in store at any given time, plus I am ready to buy anytime a deal comes along as far as the banks are concerned.