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Updated about 10 years ago on . Most recent reply
How do you keep your PITI reserves?
Hey everybody,
When financing/refinancing investment property, it seems a 6 month PITI reserve is the normal requirement for all properties owned. For some people, this is a sizable amount of money. I would think most BPers would hate having a large sum of cash sitting in a checking account, so I'm curious as to how you allocate these funds. Thanks in advance for your comments.
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@Ben Stout That's exactly what you do. As long as you know that ahead of time, it isn't a problem. Remember the golden rule.