Do you have enough reserves to handle a HVAC issue?

To clarify - For me reserve just means liquid investments.

The investment plan includes property acquisition, reserve fund creation, rent maximization, and equity growth.

Compare those owners with younger owners who have higher incomes and more desire to build large reserves for the future with the older folks who won't see the future and you can see the problem.

In my opinion, in order to move forward, you have to have a somewhat significant cash flow that allows you to build reserves again.

If you're in the real estate investment business and must watch every penny, irrespective of your time, then by all means, do what you think will keep your expenses to a minimum.If, on the other hand, you are really in the business of creating profit by way of being a good marketer and a committed dealmaker, your creative energies ought to be reserved for doing what you do best (or intend to do best)...

Do you have savings and reserves to hold properties?

Have more reserves that you think you need and also be prepared to hold a property for longer than you may think as well.

My take: Gather intel on the area (neighborhoods, tenant demand, property management), have a game plan for your numbers (cash flow, maintenance reserves), and adapt as you go.

They were having a new washer & dryers being delivered, upon the delivery the installer was unable to install due to the flooring.Please see attached.The funds in your reserve acct is $1000.