Hi, friends.Do you keep capital and reserves in a savings account? In mutual funds? Obviously reserves and capital need to be in a liquid vehicle, but do you really keep $10K, $50K, $100K+ in an account earning nearly...
And also, how many rentals do you have? I sometimes wonder if you need 6 months reserves for each property but just curious.
Do I need enough cash reserves to cover any possible capital expense at the onset? For example, what if the roof goes bad (somehow) a week after buying the property? Or the water heater? Or both?
Or are there better ...
looking at a duplex and just received a call from a loan officer/broker stating I'll need a reserve account with x amount of money in it since I'm planning to to rent out half the the home. I was going to do that o...
In doing my research, I'm so-so on the Memphis market, but like some of the turnkey providers there with a long track record of credibility, trustworthiness and not disappointing investors, which is #1 in my mind.Some...
I've been bit hard by the real estate investing bug. I'm 28, living in Miami, FL. My "why" is a 2 part-er. Part 1: Time. I value my time over everything. I would like to start this journey to eventually earn my time ...
Hi everyone,Wanted to get everyone's opinion whether they underwrite the Capital reserves above or below the NOI line? I've heard both and obviously putting them above the line is more conservative but with as compet...
Hi everyone,What amount do you set aside towards your reserves fund for your properties? For example:X% of gross cash flowX months of operating expenses$X per square feetFor me, I was debating 6 months of operating ex...
I’m looking to flip some houses as soon as possible. Got my LLC, business bank account, contractors, lawyer all lined up. Even got a $30k loan from a family member. Working with a national wholesaler and a hard money ...
I have a rental in a suburb with some nice modest appreciation. All in for $121k, worth roughly $145k. Nothing needs to be replaced in the near future, more long term expenses. I see two options1. Set aside $166/m for...