Updated over 13 years ago on . Most recent reply
How much cash do you keep on hand?
How much cash do you keep on hand per property? I am involved with a risky family business, and consider my side REI as less risky...so I tend to be more conservative with my rentals. have kept a small reserve for rainy days, but wanted to see others thoughts...
Thanks!
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Jon Holdman
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
#3 Real Estate Deal Analysis & Advice Contributor
- Rental Property Investor
- Mercer Island, WA
Banks want six months PITI, so that seems like a good guideline.