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Updated about 2 years ago on . Most recent reply

Mike Schorah's profile image
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Mike Schorah
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  • Member since Jul 7, 2021
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Mike Schorah
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Mike Schorah
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Creative Real Estate Financing

How much cash should you have before you buy a subject to?

Mike Schorah
  • Rental Property Investor
Posted

Would $15k work?

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Chris Davidson's profile image
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Chris Davidson
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  • from Boise, ID
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Chris Davidson
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Chris Davidson
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Chris Davidson
  • Real Estate Agent
  • Boise, ID
Replied

@Mike Schorah it all depends on the deal and the strategy. If you are looking to furnish it and do short or mid you will need more. If the house has a HVAC about to go or a roof at end of life will need those funds quickly. 

analyze the deal and see what makes sense. Also if you save 1k per month you will need a different amount than someone who is saving 100/month as you can build up funds when needed quicker the higher your savings rate.

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