How to fund major repair work on rental properties

[Satya Patil]

Hi All,

I would love to hear you experiences on funding major repairs on your rental properties. Two ways that I know are- Cash out refinance, line of equity. Are these the best or is there something out there?

I only own SFHs and figure they will need a major repair/improvement sooner or later.

Thanks in advance!

Satya

[Lee S.]

I'm just starting to accumulate rentals.  All my funds will go into an account untouched until I have 10k for each rental house in that account.  Once I have that I can then use the monthly cash flow for whatever I want.  If a major repair or vacancy hits, I then start refunding the acct until it's back to 10k per house.  Better safe than sorry.