Good morning BiggerPockets! Has anyone secured a line of credit from a bank and used this line of credit as their reserves that are required for more mortgages when acquiring buy/hold rentals? Did you continue to use ...
Hey BP Family,I am looking to invest in my first fix and flip. I have $20K in the bank and $40K in a SoloK. I’m looking for advice on how to best leverage these resources. I reside in DC and actively looking for pro...
While I am not surprised rates were cut to zero - bank reserves were also cut to zero as well. For those that are not familiar with lending, a major component to the crisis a decade ago was banks had to liquidate asse...
What’s the catch for the federal reserve lowering interest rates to 0-.25%? What are the risks? I see a lot of pros in investing and buying now.
Hi all,
I'm in escrow on my first real estate deal (ever), a vacant triplex in Northern California. I'm using FHA financing and everything has gone extremely well... until now.
Despite asking my mortgag...
Hi everyone, I've been watching a HUD home in my city. it dropped in price a few times, but seems to have leveled off. it has been at the same price for over a month. Has it hit a HUD "reserve price" and won't go a...
Im curious if anyone else had tried this:
At the beginning of a lease, say I would reserve $250 a month into a checking account to build up for Capex and or small repairs. I actually use 10% of the gross rents whate...
Question about the 401k. Will the banks count all the money you have in your 401k towards reserves or just the amount you can borrow.. I have just enough for the down payment but was looking into borrowing from my 401...
Hi everybody, I'm shopping for a 30-50 unit MF apartment building and am trying to work some calculations for reserves and rehab costs. I have an ever growing list of data points that suggest investing at least $5,000...
Advice? I just accepted a request to book for today, then the guest said he used the wrong credit card to book. He will put the correct card in once the original gets denied. I told him about 1/2 hour ago to cancel h...