Buying property number 3 cash reserves?

[Tony Velez]

Hi,

We own our primary home and a triplex. Our mortgage broker said in order for us to buy another property.... we would need 25% down. Plus 6 months cash reserve for our primary home and our triplex. Does this sound right? I'm reading all thses success stories with people owning lots of properties  I can't imagine having 6 months cash reserves per property. Please help me understand this  

Thank you

Tony V