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20 February 2025 | 9 replies
- Do you have reserves or access to capital to make repairs/updates to the property?
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27 January 2025 | 8 replies
Your biggest issue is that $50k may not let you get a nice house and have any reserves.
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18 February 2025 | 8 replies
Yeah, pretty minor so just keep it in reserve when its time to renew.
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30 January 2025 | 1 reply
I used a HELOC to cover the down payment, appraisal gap, and furniture, allowing me to enter the STR market without depleting cash reserves.
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29 January 2025 | 5 replies
@Hector Lewis - The decision ultimately depends on your current cash reserves relative to your financial needs, as well as your willingness to reinvest for potential appreciation.
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15 February 2025 | 21 replies
Overall i am pretty sure that you and I are in agreement - people usually underestimate the expenses, so it is always good to err on the side of having more reserve.
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3 February 2025 | 4 replies
I should add I think it’ll cash flow only 850 a month after vacancy and reserves and expenses.
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3 February 2025 | 9 replies
Plus, I like to ensure that the owner has reserves for his property.
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23 January 2025 | 7 replies
Are you reserving for cap ex, maintenance & vacancy?
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23 January 2025 | 1 reply
I have cash reserves and money in retirement accounts, but I don’t want to dip too deeply into my reserves.