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As a new investor I’m like a sponge. I’m looking for every piece of knowledge that I can find to fill my head with as I begin my journey. The question I’m asking my peers on here is, how much money should one have in ...
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I recently acquired my first short term rental in Broken Bow Oklahoma. After getting everything set up, I was able to post the listing on Airbnb about two weeks ago, and on VRBO about a week and a half ago. I have set...
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Is there a general rule for how much to have in cash reserve? For instance, 100K property with 25% down assuming its turnkey. Should I do 10-15% in cash of the purchase price in case anything goes awry? With my first ...
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8,080 Sq. Ft. Office/flex (22 Units)
$900,000.00Yearly income $103,000What’s a good guild to use for a commercial office building,
1. Cash reserves
2. Vacancy rate
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Hey BP,I'm new to REI and just joined in early Dec. It's amazing the wealth of knowledge contained within these forums! Here's my situation:I just closed on my first investment property in San Diego two weeks ago and ...
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Isn't it usually 6 months payments for each property you own? I ask because I'm considering selling two of my houses and using the proceeds to buy 5. I have about 200K in cash on hand that I'm not touching, since I'm ...
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Got some start up money, now I'm about to close on two houses next month both already have tenants in place. I guess I am kinda a little like what now. I guess what I am asking is how much money do ya'll like to keep...
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Do you set aside money each month into a savings account for reserves? Is it unwise to rely on a HELOC on your primary residence for when any repairs come up so that you can plow all of the income from the rental pro...
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I've recently reached my savings goal and am ready to purchase a property in the near future. I currently have funds saved up for a 5% down payment, closing costs, and some small repairs right out of the gate. These a...
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For those of you who have multiple properties, what is your cash reserve strategy?
More specifically, does your cash strategy change as you acquire more and more?
Hypothetical example - you have 2 properties that ...