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...
Allan C.
Why you need reserves
Sharing an example of where reserves come handy. A few weeks ago my rental property experienced a power surge that fried over half of the major appliances (HVAC, range, DW, etc) in every unit. Repair costs are ranging...
Beth Leoni
Deposit to reserve apartment
Applying for rental with the property manager on a Thursday. After viewing the apartment and filing out the application and giving them $50 non-refundable application fee. A $150 fee was also require to "reserve" the...
Christy Osterkamp
Calculating Fannie Mae Reserves
Hi guys,
Can someone tell me what the % of reserves Fannie Mae requires for 9 properties? I know the first couple are at 2%, the next three are 4%, and 6-10 are 6%. My question is.....once you hit #6, are you re...
Alex Corral
Cash reserves vs HELOC
Say for example you have $100k in cash reserves, and also have $200k equity in your personal home. You want to buy a few homes for buy & hold rentals.
Is it better to first take out a HELOC, before using your ca...
Drew Purvis
The importance of reserves
I just wanted to write a quick post to remind all investors of the importance of keeping some 'reserve' cash on hand. My quick story:I am a buy and hold investor and I currently own 4 SFR's. I am in the acquisition/gr...
Isiah Ferguson
Cash reserves or credit ???
Hello, BP. When you are going to refinance your property. I believe 1 of the requirements are "cash reserves" to cover 6 months to 12 months of funds to cover the mortgage. Instead of having cash, can a person use Cre...
Brent Davis
Generate more cash reserves
Here is my situation. I have around 22 units. Appx 650-700 k in equity. Most of my mortgages are 10-12 year balloons. Small town bank. I’m getting ready to meet with my banker Friday about moving stuff around. I...
Michael Andrews
Reserves on first MFR
I am under contract on a 12 unit MFR and trying to more accurately estimate reserves for maintenance and capex. I am tentatively planning to buy-and-hold the property to build up the downpayment on the next property ...
Tony Matthews
Too much in reserves?
My initial plan is to have at least 6 months of PITI in reserves as part of my initial expense for a newly acquired property. On top of that, my monthly capex expense and vacancy expense will be added to these reserve...