Posted by Bobbie on March 09, 2006 at 24:18:10:
Being new to this game, it feels wise to keep a little too much reserve as compared to not enough.
With the current sale of one of our properties, we are in a position to put this $$ away comfortably (for a rainy day?? - no pun intended – I live in Or-E-Gone) and still have plenty available to invest in Lonnie deals.
We are liquidating some of our rentals. Another one is closing on Friday.
Just want to play it safe until I have a better handle on our new adventure in Lonnie deals. The money I put away for reserve will always be easy to access if the “super” deal comes our way. Our goal is to purchase a small to medium park someday.
With heartfelt thanks for your suggestions, advice and super posts,