Hi all, Does anyone have an easy metric or calc to analyze whether an Association's reserves are sufficent?
after how many properties do the banks start looking at how much you have for reserves?Thanks!
One of the seemingly little known facts of the GOP sweep last week is this little tidbit. Because of the sweep, the new head of the Federal Reserve Oversight Committee is.....Ron Paul.
What are your thoughts?
Somet...
Hello everyone,What are the collective thoughts on having a line of credit instead of actual cash reserves?I know it sounds ludicrous! Cash reserves are what get you through those times when all the Capex comes down o...
Hi, Newbie here. I have a quick question regarding "vacancy reserves". Im having a bit of a hard time wrapping my head around this, but I think its very simple and Im over thinking it. When calculating vacancy reserve...
Hello BP friends! What's the rule of thumb for creating a capex reserve? (as a percentage of total revenue) At day 1 of owning the property, do you typically have some $ sitting in the reserve?
Sorry if this is the wrong forum section. I was just pre-approved for an FHA loan for my first house hack. I have been in school for the last four years and thought that my high student debt (100k+) and low incom...
Do you have to pay taxes on the money you reserve for cap ex, repairs, vacancy and property management (If you aren't using a property manager)?
Is Capex and Replacement same expense?Or is it different type of expense?Thank you!
We have a potential pre-approved tenant who is willing to pay a reservation/holding fee for a property because it will be a couple of weeks before they can move and take on the new lease, they don’t want to miss out o...