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Updated over 1 year ago on . Most recent reply

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Randy Johns
  • New to Real Estate
  • Member since Jan 18, 2021
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Randy Johns's profile image
Randy Johns's profile image
Randy Johns
  • New to Real Estate
  • Member since Jan 18, 2021
Connect
Randy Johns
  • New to Real Estate
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Starting Out

Are Reserves Required?

Randy Johns
  • New to Real Estate
Posted

Looking to purchase 1st multi-family and being told that I need 6 months reserves after down payment and closing costs. Is this true, is this new? (Ex: mortgage is $3k, would need $18k on top of closing costs and down payment)

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