Kyle Reinke
Funding First Investment Property
I have listened to the BP Podcast for months now and just recently decided become active in the forums. First off, everyone here is great. The advice that is provided on this site free of charge blows my mind. So than...
L'aura Bradford
"Sleep Well At Night" Emergency Savings
Hi all, what's the term commonly used for that emergency fund one should keep to cover mortgages on rental properties if they're vacant? Some of the folks I've talked to in my local area call it a "sleep well at nigh...
Dominic Scheck
How do you store your capital and reserves?
Hi, friends.Do you keep capital and reserves in a savings account? In mutual funds? Obviously reserves and capital need to be in a liquid vehicle, but do you really keep $10K, $50K, $100K+ in an account earning nearly...
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...
Manco Snead
How to best invest $400K
Greetings good people,Another "How would you invest the money?" question.Cash reserves for investment $60kPre-approved loan amount: $400KMy situation: Currently renting and looking to buy something that will be my pri...
Anjelica Allen
Need some solid advise
Good day,I'm a first time investor. I want to get a commercial property down the line, but needed to start small first. So, I'm about to close on a 300k duplex, with a 203k FHA. Which was all I could get, since I don'...
Kelvin Nguyen
Qualified renter will not available to move in until next month
Hello,I am starting out rental business for the first time by using my residential property.What should I do if the qualified renter will not available to move in until next month? Should I extend the offer? Do I ...
Account Closed
Noob from DC Metro Area
Hello everyone. My name is Mike, I'm 23, and I live in Northern Virginia. I work full time at a government contractor doing HR and I'm also an officer in the Army Reserves. My long term goal for REI is to purchase ...
Tyler Neison
Open LLC for first rental property?
I just put my current house (call it 18118) up for rent and am receiving applications from prospective tenants. I have a mortgage on the house in my personal name as it is currently my personal residence. I am moving ...
Patrick Menefee
Factors affecting conventional mortgage origination
Hey all,Looking at 2 potential investment properties and trying to evaluate some of the criteria a lender would use to underwrite me. As a starting point, i have a mortgage on my primary residence. The first house i c...