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Updated over 8 years ago on . Most recent reply

Rule of Thumb for cash reserves?
Is there a rule of thumb for how much cash you should keep on hand per unit? I have set aside 5k per SFR in case of repairs. I would love to hear what other people are doing.
Most Popular Reply

Thank you all! This info is helpful! I want to keep buying more properties, but also do not want to neglect my reserves. I think my idea with 5k/property was that money could always be pulled from another property's account if absolutely necessary to cover repairs/capex/vacancy etc. However, being as I only own 2 properties right now, 10k is not a ton of reserves. Once I have 5 properties and 25k put away I might feel more secure to face whatever arises. I love hearing everyone else's process and way of thinking about it.