Funding First Investment Property

[Kyle Reinke]

I have listened to the BP Podcast for months now and just recently decided become active in the forums. First off, everyone here is great. The advice that is provided on this site free of charge blows my mind. So thank you to all who provide advice to someone like myself who is new to REI.

This past Monday I met with a local bank about a loan for a SFH. I was surprised when I was told for an investment property I would need to keep a 6 month reserve of PITI for not only the investment property, but my primary residence also. Is this fairly common? I don't think it had anything to do with me personally as I am a good candidate for a loan. (DTI 23.26%, FICO 750+) Can any of you let me know if this is a requirement you were also faced with? Thank you!