Updated over 7 years ago on . Most recent reply
Leverage and reserves
How comfortable is everyone with leverage? How much cash reserves do y’all like to have in case of emergencies?
I'm just getting started. Im under contract on a duplex. I work full time currently and make good money but currently my school loans are killing my DTI to get a conventional loan for the next two years (until I own my first property for two years).
Just trying to plan going forward for each property I get-Capex for roof/hvac and two months rent in reserves is what I was planning on before I get leveraged with a new property.
Thoughts?