I have seen people saying to start in rentals you need to have money on hand. Is there a general rule about how much money you should have on hand before starting into rentals?
Are you talking about reserves or down payment money? If you buy a rental, it would be a good idea to have a minimum of 6 mos. to a yr. of mortgage payments in reserves to help you through the times of vacancy, non-payment,eviction etc…
Yes I was talking about reserves. Thanks !