All Forum Posts by: Account Closed

Hey @Preston Dean , I would prefer to take the extra cash and add it to my brokerage account instead of it sitting there. If I had a major expense, I could always pull it from my personal account. My SD is in the rental bank account as well. not worried about not having enough money to fund expenses on the rental

0 Votes

Dallas, Texas

Quote from @Jaycee Greene:

do you own the property personally or thru an LLC?

Personal

0 Votes

Dallas, Texas

Quote from @Jaycee Greene:

Unless you already have a capital reserve fund that will pay for unforeseen, major expenses, like a new water heater, roof, or A/C unit for example, I'd keep the profits in the account until it can cover 6-12 months of operating expenses. Keep the SD out of the calculation as that is the tenant's money at this point.

No specific reserve fund set aside for the property, have savings to cover a large capex if needed

0 Votes

Dallas, Texas

Quote from @Jaycee Greene:

That's a hard question to answer without more context. One place to start is how much is the rent and your monthly operating costs?

$2k/mo rent vs $1600/mo expenses (Pitia). Currently have around $4500 in the account including $2250 SD.

0 Votes

Dallas, Texas

Have about $2k of profits sitting in a checking account solely for my rental ($4k total with SD).

When can/should I take the excess profits out and invest them?

1 Vote

Dallas, Texas

All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 5 times.

Post: When to take profits out of Rental?

Post: When to take profits out of Rental?

Post: When to take profits out of Rental?

Post: When to take profits out of Rental?

Post: When to take profits out of Rental?