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Updated over 5 years ago on . Most recent reply

User Stats

57
Posts
9
Votes
Bruce Thomas
  • Oklahoma City, OK
9
Votes |
57
Posts

Reserves

Bruce Thomas
  • Oklahoma City, OK
Posted

How much do you put back in reserves for your properties on average? I know each situation is different. 

Most Popular Reply

User Stats

147
Posts
83
Votes
Tyson Luthy
  • Property Manager
  • Idaho Falls, ID
83
Votes |
147
Posts
Tyson Luthy
  • Property Manager
  • Idaho Falls, ID
Replied

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.

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