Question to currrent park owners
How do you budget capital reserve to weather storm during the recession?
Some says 1 month rent, 100$ per pad, etc.
Any input appreciated.
Well, has the bank restricted your line of credit at all? If you don’t have a LOC, I’d look into that first. It’s just a really easy solution rather than having to keep a larger capital reserve.
Personally, I haven’t been socking away more money at all. In fact I’ve been doing the opposite and investing like crazy.
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How do you underwrite the deal during this pandemic? What’s the vacancy rate do you use ? Thx u again