Updated almost 6 years ago on . Most recent reply
Financing maintenance costs
I am wondering how you guys going about financing typical maintenance costs. As most people do, I save 1-2% of the annual property value toward repairs/ vacancies, but what about when my boiler goes? Do I throw in the full 7k in cash to repair? Or should I go with an alternative option? Some cash some financing? As much financing as possible? In addition, where do I go to get financing? HD? Banks? Personal loans?