How Much Money Reserve Should You Keep For Real Estate Investing?

I was asked about how much money reserve one should keep for real estate investing in the event of needing to rehab or repair their rental property. Here is my response.

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About Ryan Ingram:
I believe the meaning of life is to become the best version of yourself for the benefit of all those around you.
Over the past 3 years, I have made drastic improvements to my life. Mainly, because my wife and I had our son; it was very important for us that she be a stay at home mom.
Unfortunately, on my salary in law enforcement, I couldn't make that happen.
I questioned my abilities as a provider, and for a brief time, even as a man.
I dedicated myself to read one book per day until I learned how to solve this problem.
3 years later, we have a few businesses and over 60 rental properties.
We made sacrifices along the way, but I learned the power of mentorship. I know the importance of finding someone willing to help and guide you, even if they are just a few steps ahead.
#realestate #realestateinvesting #cashreserve

[aerialkreiner]

Good point! another thing to consider is that if you use conventional loans, the bank usually expects to see 6 months reserves per house.

[UWealthyWon]

Wow really great info bro & was wondering if you would like to jv some deals because I'm a contractor and investment property investor.