Shaquetta Chittams
Renovation Cushion
What percentage of my rehab budget should be set aside as a cushion. Right now the renovation budget is at 45k and we haven't opened any walls, looked at the roof or the furnace. We know we want to update the kitchen,...
Carole G.
Retirement cushion
Wondering if those who have retired on real estate have a recommendation for how much cash flow is a safe cushion above their living expenses? Do you think $100/door per month is enough? I will also have a $1000/doo...
Michael Bacile
Cushion for rental overhead
Hey guys I’m hoping this post is in an accurate forum. Here’s another newbie question.I have a question about how y’all cover the mortgage for multiple properties. My job is producing about 35k/yr on average. My goal ...
Jessica Hood
Initial cost/Renovation cost/Cushion Ratio?
When considering your budget, is there any general rule of thumb for the percentage of money you spend to buy a property vs the percentage for renovations vs the excess left for cushion/emergencies? I will have a set...
Kyler J Sloan
Where to get Custom Couch Cushions?
The property I recently purchased came furnished, but with a couch that has cushions which I do not particularly like. They are blue, in conformity with the theme the previous owner stuck with, while I would like for ...
Scott Thompson
First property- budget/cushion for unexpected repairs?
Hi all,I'm looking at getting my first property, but a big concern for me is unexpected expenses in the short term. What would you recommend as a cash cushion for unexpected expenses/repairs in the first year or so of...
Daniel Ortiz
Reserves - How much cushion do you need?
Hi All, My goal is to purchase a multi family rental in 2018 and house hack it. I'm curious to know how much you all budgeted for reserves when you purchased your first deal? Would you take your 401k into consideratio...
Benjamin Brooks
How much saved cushion when buying a multifamily
Hi all,How much cushion should you have saved for fees and misc expenses when buying say an investment multifamily property?For example say I have $100,000 saved and go to buy a $400,000 complex with 20% down so 80k d...
Alberto Furet
Pay down mortgage or create an emergency cushion?
I have two rental condos, one here in San Diego and the other in Chandler,Az, and I was wondering how to best use the cash flow. Should I use the cash flow to help pay down the mortgages or should I use it to build...
Sean M.
Notes - What Cushion Do You Look for re: LTV Ratio
What cushion do you look for in your LTV ratio (against a fresh BPO) in the case of a 1st Priority Note? Also, how much faith do you put in BPOs?