Tony Velez
Buying property number 3 cash reserves?
Hi,We own our primary home and a triplex. Our mortgage broker said in order for us to buy another property.... we would need 25% down. Plus 6 months cash reserve for our primary home and our triplex. Does this sound r...
Mohammed Milord
How do you build cash reserves when you are just getting started as a landlord?
I am in the process of looking at single-family properties for my first rental. I don't have any cash on hand for the cash reserves. Is it important to have the cash reserves already saved up BEFORE you acquire a rent...
Reginald Silva
capital reserve requirements for underwriting
Does anyone know how much money an underwriter looks for in reserves when underwriting a loan? I am closing on a $650,000 home in 25 days. My all-in cost is $19,500 which I have currently and I am considering taking a...
Jared Fisher
Reserves during a recesssion
I'm looking to invest in my first rental property this year and was wondering how many months of reserves should I have saved up considering we are in a recession? I want to make sure I have a cushion in place, but I ...
Jessie Dillon
what's your personal guideline for how much to keep in reserves per property?
what's your personal guideline for how much to keep in reserves per property?
Mina G.
buying a 2nd property must show 6 month reserve?
I just got off the phone with a lender and he informed me that I will need 6 month of reserved mortgage payment for each of the properties to obtain a mortgage for a property I want to purchase. Is this true for all p...
Eric Schrader
Vacation Rentals
GOOD MORNING GROUPI am interested in some summer vacation rentals. Some of these properties already have booked reservations for this coming season. What do i need to ask for regarding deposits, payments, reservatio...
Keith B.
Primary Residence Jumbo Loan need help
This is my first post on BiggerPockets ever. I've been a member for a while, but I've always just come to research and read. I am a business owner, I pulled a salary and a K1 disbursement every year . On top of...
Jamie Pickens
Trouble refinancing in Norfolk, VA
Hi Guys,I seem to have hit a wall or ceiling in my investment journey. I have a single family home that I've owned for 2 years now (as well as a townhouse that I've held for 3 years). Got great military tenants, every...
Mary Jay
Is it a good idea to sell older an home+ buy expensive new home?
Do you guys think its a good idea to sell a 100 year old home, because its old, so I am worried about cap ex... The house is paid off, brings 650$ per month. I can sell it for 100K and buy a newer home for 300K but wi...