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Updated almost 5 years ago,
Reserve Requirement for Investment Properties on SFH
Alright so I was told from Wells Fargo that I needed 6 month reserves for my investment properties. First time I am actually hearing this from a lender.
Now I also read somewhere there is a way around this like if your DTI is a certain percentage.
I know plenty of investors that have tons of houses. And I know they cannot have that much reserves. Especially as other lenders do not speak of this.
So your thoughts on it? Ways around it?