Are there alternatives out there to holding reserve funds in a savings account?
Short term bonds? GICs? Anything else?
It hurts me to see essentially nothing in interest on my reserve funds when I know there are bet...
Hello, I'm getting closer to purchasing my first investment property. I absolutely hate the idea of having money sitting in a nearly worthless savings account or CD, though I understand some must be immediately availa...
Hello everyone - I am starting this topic because I am curious to know 2 things:1) Is there anyone out there doing this with success?2) What your thoughts are around this subject, in general.My uncle owns (outright)...
I've heard a few times on the BP podcast that a new investor should maintain a cash reserve when starting out. About how much is enough?
Hello BP!
On the subject of LTR, what would you say is a healthy reserve? My search consists of duplex listings at or under $120k, 25% down and no more than $10k in rehab.
What would be considered a safe reserve am...
Does overall operating reserves change when purchasing a newly build multifamily apartment building? Anything to consider when formulating a reserve balance for this type of scenario? Or is it operator preference, bal...
So I was wondering what sort of reserves everyone keeps on there properties. I know most people are saving a percentage of the rent for vacancies and cap ex. When you do get a property bought and rented are you keepin...
I read through some of my tenant applications. I can hardly find tenants whose whole household meet all of the followings: good credit scores, stable 3 times income and reasonable reserve. I am wondering for these thr...
If I have a 4 unit worth $400k, I still owe $115k on the mortgage… can I do a cash out refinance even with no reserves in the bank? 698 credit score. I would use money from the cash out to make a reserve + buy my part...
I'll keep this short and sweet. I've done some research but the ones I found were a little dated. My question is how much money did you(should you) have in savings after purchasing your first buy and hold rental? D...