- Joined
- Dec 5, 2007
- Messages
- 2,880
Hi All,
Technical question for investors who purchase with JV partners:
Do you actually keep a minimum balance (say $10,000 or 3 months rent) in your JV joint bank account OR do you keep it elsewhere?
If for example one of the partners has 20K LOC with zero balance would you call this/use this as "reserve fund" although there isn`t
really a positive balance in any account?
For one of my JV purchases I just keep a minimum balance in our joint bank account. Was just wondering if there are different/more creative
and recommended ways of doing this(?)
THANKS,
Neil
Technical question for investors who purchase with JV partners:
Do you actually keep a minimum balance (say $10,000 or 3 months rent) in your JV joint bank account OR do you keep it elsewhere?
If for example one of the partners has 20K LOC with zero balance would you call this/use this as "reserve fund" although there isn`t
really a positive balance in any account?
For one of my JV purchases I just keep a minimum balance in our joint bank account. Was just wondering if there are different/more creative
and recommended ways of doing this(?)
THANKS,
Neil