
10 April 2020 | 9 replies
(We are actually expecting an unsolicited offer today to buy ours).This is coming from someone that has been super host since we launched (or as soon as we were first eligible), offered but declined Plus, low acquisition and rehab costs, and maintain 9 months of capital reserves.

6 April 2020 | 20 replies
You might be omitting (Repairs and Maintenance & Replacement Reserve CapEx) and also missing closing costs on the purchase and loan.

3 April 2020 | 0 replies
To make things even sweeter, she also agreed to wrap a sizable "loan" of $50k for future repairs and reserves (or other projects) into the purchase of the property, financed at the same interest rate for 30 years, brining the total loan amount to $155,500.

4 April 2020 | 5 replies
She also included 50k on top of the purchase price at the same terms for repairs/reserves/future projects, which I walked away with at closing.

14 April 2020 | 4 replies
You want to be sure you have reserves.

6 April 2020 | 9 replies
You will need the down payment, net worth equal to the loan amount and cash reserves for 12-18 months worth of payments right now.

6 April 2020 | 3 replies
Before all of this happened, all our listings are doing great, cash flow great so we do have some reserve.

4 April 2020 | 2 replies
If there is a reserve for repairs, the reserved funds will be release after the repairs are complete and receipts and (sometimes) the lien waivers for the contractors who did the work, are presented.
29 June 2020 | 16 replies
I just received a text solicitation from someone from this company and I had the same reservations everyone has mentioned.

3 April 2020 | 3 replies
A good tenant often has some reserves of their own so most will continue to pay rent.Since you may be new to the game, know your local laws.