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James Lipko
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Cash to Equity Position

James Lipko
Posted Jan 13 2023, 09:12

What is a typical cash position that you should maintain as a landlord to have for repairs, emergency expenses, buying opportunities, renovations, etc?  I am looking to purchase my first rental property. I know what I can afford, but I am unclear how much of a cash position I should maintain after the purchase. Does $20,000 sound like that is enough? 10K?

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