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Updated over 17 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • New York
0
Votes |
22
Posts

Building Reserves

Account Closed
  • Real Estate Investor
  • New York
Posted

Does anyone have any creative ideas on building reserves? I want to purchase a 6-plex but I need reserves for security. I am looking to purchase the 6-plex early next year and am looking to implement any valuable suggestions into action asap. Any suggestions?

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10
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Ryan Fagan
  • Real Estate Investor
  • Ft Hood, TX
1
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10
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Ryan Fagan
  • Real Estate Investor
  • Ft Hood, TX
Replied

Not to hijack this thread but, is there a certain standard you use on determining how much you should have in reserve. For example if the house is worth 50k you have 10% or something like that?

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