How much liquid assets are required for mortgage loan approval.

[Reynaldo Perez III]

Hello everyone,

I’m a new investor looking to purchase my first property. I’ve been doing a lot of reading and feel I am prepared for my first investment property. I have only one issue that is holding me back. I don’t have much liquid assets. 

I was planning on utilizing the VA home loan for 0% down payment on a multi family property for $250,000 and house hack for my first property. I found a property with nice numbers so I checked the pre approval process at a bank and realized I probably wouldn't get approved due to liquid assets.

I would like advise on how much liquid assets would be sufficient to avoid disapproval. Also, I can get a family member who is a veteran to be a co-applicant.

Any and all advise would be greatly appreciated.