Nasir Smith
Cap Ex Rules?
Are there any specific rules for saving/Accounting for Capital expenditures? I want to get a better understanding of how much should be put aside each month for Cap Ex. Also if it is possible is there an example that ...
Kevin Brown
When to Take Out Cashflow??
I have a SFR being managed by a property manager. It is currently rented out. I have about $5,000 in the property management account for "cash reserves". Six months PITI (principal, interest, taxes, and insurance) is ...
Matthew Adams
Clarification on article about using a HELOC to build wealth
Hi,I just read through the article at https://www.biggerpockets.com/blog/how-im-using-helocs-to-build-wealth by Charles Hardage. I'm unclear on one thing, though. Charles said:"Our first HELOC allowed us to save $50...
Mohammed Milord
How do you build cash reserves when you are just getting started as a landlord?
I am in the process of looking at single-family properties for my first rental. I don't have any cash on hand for the cash reserves. Is it important to have the cash reserves already saved up BEFORE you acquire a rent...
Vicent C.
Finance first investment property question
Hi guys, Another newby here. I've been reading, listening and watching for a few months all over the place. I've been in a few Real Estate Investing Meetings locally here in the Dallas-Fort Worth area and I'm really e...
Michael Ilizaliturri
When Can I go Full Time...
I currently have no properties, but am waiting for the moment to where I can go full time property management / or have enough cash reserves saved up to go landlord / brrrr full time. I have saved approx. 590k in cash...
Wesley C.
Where do you keep cash reserves?
There is no right or wrong answer to this question, but I would be interested to know where you guys keep short to medium term cash that you are holding between deals. That is to say, you sell a property and you have...
Account Closed
Making Your Money Work In Between Properties
Hello BP Community!Newbie here and i'm about to close on my First Deal, and i'm very excited! This community has been invaluable in answering questions and providing advice, thank you! While making my plan for the nex...
David D'Louhy
Where do you hold money while you look for your next property?
Any tips on a liquid "investment" that would be advantageous for keeping funds that will be used to purchase the next investment property. It doesn't seem to make sense to keep it in a bank account earning nothing, an...
Mason Blake
How do investors often manage the flow of funds for cash flow
Very tactical question, here. I am curious what people are doing with the flow of funds from cash flowing rental properties. A few questions here:
Do you setup completely different bank accounts for collecting rents ...