Updated over 5 years ago on . Most recent reply
Cash Reserves in COVID-era
What’s everyone’s thoughts on how much cash reserves you need with all these uncertainties going on? I used to be in the happy medium of 3-4 months, but should we all try and save for more?
Right now I have 6 months of cash reserves for:
All my properties
My business (overhead + payroll)
My personal expenses (bare necessities, home, food)
Having this 6mos. cash reserve is great, but also not a fan of having this cash sit in the bank, do nothing and NOT generating cash flow from real estate either.