Shane Elias-Calles
Reserves vs. Monthly Savings
When people purchase a house and go through a large renovation (new roof, rebuilt hvac, etc.) what is a good percentage to set aside for vacancy and repairs?
Also, if one were to have say 5k in reserves, should the i...
Paul Garcia
Reserve Requirements Fannie Mae
Hi All,I have a question about reserve requirements on a Fannie Mae mortgage. I've been under the impression that after 4 financed properties, the requirement is 6 months of PITI(A). I'm looking at the Fannie Mae webs...
Mark Douglas
Cash Reserves per Property??
I've done one deal so far. A duplex. I'm really looking to scale quickly with small (10-20 unit) apartments now. I've seen how costly repairs can be from this duplex, and I wanted to know from others, is there a mi...
Cody Harris
Down Payment and Reserves?
Hey everybody!Motivated newbie trying to get in the game, but thinking I might not have realistic expectations? Let me explain. I've been saving cash and researching multifamilies in my area. They range from 200k-300k...
Haider Nazir
Reserve funds for Fha
Hi everyone! Im looking to buy my first multifamily house with Fha loan. It requires 3 to 6 months mortgage payments as reserves. Can the reserves be gifted or only the downpayment can be a gift?
Brandon Rivera
Enough reserves and Capex
Hello everyone. I'm a complete noob and have been lurking on BP for the last few months trying to educate myself as much as possible. Excuse my ignorance but I have a question I'm hoping someone can shed some light ...
Daniel Sisto
Reserve Funds - Property Management
Good morning BP,Legally, how are Property Management Companies supposed to hold reserve funds for Property Owners?
Jainer Villafane
Reserves for Multifamily investing
Hey guys i need your help, my partners and I are planning on house hacking our first property. We are planning on using a 203 k loan, our lender told us we need about $50k , not including reserves ? I live in NY and w...
JC Espinoza
Reserves for an FHA
Currently in the market for about 6 months for a small multi-family 3-4 units, I’m pre-approved, and inventory is low. Since covid my loan officer has informed me that FHA now requires 12 months reserves for a 3-4 uni...
Tyler Adams
Hold outs and reserves
We own a triplex and are soon to close on a duplex in Montana. We will house hack the duplex and sell our current SFH. That will fund 3-4 more multi family rentals. We will have between 10-14 doors in total I’m guessi...