Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

221
Posts
134
Votes
Samantha Soto
  • Investor
  • Indianapolis, IN
134
Votes |
221
Posts

Rule of Thumb for cash reserves?

Samantha Soto
  • Investor
  • Indianapolis, IN
Posted

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

User Stats

221
Posts
134
Votes
Samantha Soto
  • Investor
  • Indianapolis, IN
134
Votes |
221
Posts
Samantha Soto
  • Investor
  • Indianapolis, IN
Replied

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. 

Loading replies...