2min chapter

The Sweaty Startup cover image

296: How to raise good kids and protecting yourself from Real Estate bankruptcy

The Sweaty Startup

CHAPTER

How Much Cash Are You Keeping in Reserves?

I'm looking at people's deals they're sending out to investors, and theyre not even raising any money for capital reserves. What if a wind storm blows off the roof? And what ou going go right out to the investors to ask them for money again? Right then? 50 thousand expense. That is a terrible look. We raise on a three million dollar deal, we'll put a hundred hundred grand, a hundred 50 grand in just a capital reserve account. Highly recommend that you do that as well. I am exhibite, me personally. As i get momentum, as i build my business,. as i get a networth, as i get cash and my checking account,

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode