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I have some questions about getting a construction loan from a bank for ground up development. Typically a bank will want the investor/developer to have a certain amount of money as "reserves" that is in addition to ...
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I am having a tough time understanding how $250-300 per unit is adequate for a CapEx Reserve. For example, if an HVAC blows out, that’s a $3000+ expense and there goes 10 years of reserves. There are so many other ite...
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What’s everyone’s thoughts on how much cash reserves you need with all these uncertainties going on? I used to be in the happy medium of 3-4 months, but should we all try and save for more? Right now I have 6 months o...
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Hello Everyone,
I am currently having a difficult time finding a contractor that is okay with the 203k construction loan process. With this sort of funding there is no upfront money for the project so the contractor...
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I’m a big fan of cash reserves. The covid outbreak has only emphasized this. The problem with cash is that if you have any form of debt it literally costs you money to hold cash. To get around this I have a big line o...
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Hi all,
I am relatively new to REI, and looking to buy more without being foolish and taking too much risk.
I am curious, what would you consider a good/safe LTV for your overall portfolio?
What would you ...
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Does anyone know if CALSTRS supplemental account can be used as cash reserve when refying or buying a property?
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Hi!
Hope you guys are great.
Few weeks ago saw on the internet, might be youtube than the reserve account for capital expenditures in a multifamily property are handed to the new owner after selling. Is this the sta...
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Whats your rule of thumb, for having reserves?
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I am heading to my one and only auction this week prepared to bid. It is a property with a mortgage held by a private lender. If I am the highest bidder in the Nassau County Supreme Court will I definitely be the "...