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Dakota Hicks
  • Carthage, IL
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When should I stop saving for repairs?

Dakota Hicks
  • Carthage, IL
Posted Feb 29 2016, 13:26

Hello,

I'm getting ready for my 1st property and I want to build a solid model for future investing. When do you stop saving for repairs? For example a 3BR 2Ba , I save 8% for CapEx and eventually I have $10,000 saved. Do I continue to save or stop and turn that 8% into added cash flow? Also, with more than 1 unit do you save 10000 for each unit? Or reduce the amt allotted for each subsequent unit as your total cash reserve grows? Ex. 1 unit-$10,000... 2 units-$17,500. Hopefully this is clear enough. Thank you, I'm really trying to figure this out.

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