8 February 2020 | 2 replies
Naturally I had a title report pulled and it was clean.
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24 February 2020 | 12 replies
It's wise to have reserves, but don't let a certain dollar amount that you're aiming to achieve for a down payment prevent you from starting sooner if you can.
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31 January 2020 | 9 replies
I'll get 25-infinity% on my BRRRRs (same reserve parameters) and maybe leave in $0-10K on a project.
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22 March 2020 | 69 replies
This is bad since people will have more reservation in going to a hospital to be checked if they fill sick and it will help spread the virus.
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31 January 2020 | 6 replies
Also, stress test your rents and add in contingency reserves (as you would on an SFR BRRRR).
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4 February 2020 | 4 replies
Either with the CLTV they are looking at or the cash reserves some places have been requiring.
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31 January 2020 | 1 reply
Hi David, tough to answer without knowing more about the nature of the opportunity.
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4 February 2020 | 12 replies
Just verify all budget numbers and put as much in reserve that you can after all expenses are paid monthly.
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6 February 2020 | 5 replies
However, it seems you could scale back your repair allocation, but at the same time, I am guessing your wanting to build a reserve.
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11 February 2020 | 10 replies
@Rosario RolandiProvided your numbers are correct (1500 rent and 980 PITI) I say keep. 980 + 5% for each of the 3 “big reserves” (vacancy, CAPEX, maintenance), leaves you at $1205.