Jainer Villafane
Reserves for Multifamily investing
Hey guys i need your help, my partners and I are planning on house hacking our first property. We are planning on using a 203 k loan, our lender told us we need about $50k , not including reserves ? I live in NY and w...
Demetrius Brown
Inflation Breakdown For June 2023!
HERE ARE THE KEY POINTS
According to CNBC, the consumer price index was up 3% in June from 12 months earlier, the U.S. Bureau of Labor Statistics said Wednesday in its monthly inflation report.It’s the smallest incre...
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...
Juan Carlos
Potential Deal Scenario
BP Community,
I am looking for your input on a potential deal. I am interest in buying a single family home to Fix & Flip or BRRRR. I will House Hack while rehab is taking place with a roommate to help out with t...
JC Gordon
Hiring virtual assistants to manage the booking platforms
I am currently building a series of training videos and documents, to teach virtual assistants how to do the job of reservations person. Does anyone have any tips on building the training program, or on hiring virtual...
Robert Ice
My first rental in Georgia
Investment Info:
Single-family residence buy & hold investment in Warner Robins.
Purchase price: $118,000
Cash invested: $35,000
Single family home.
What made you interested in investin...
Manny Rivero
How much in cash reserves
hey everyone, i listened to podcast episode 172 about apartment complex investing not too long ago. On the episode the guy being interviewed said banks typically require you to keep a certain amount of cash reserves i...
John Carbone
Are There Any "Apps" For This Guest Situation?
Had a guest at a honeymoon cabin in the smokies notify me this morning that their boyfriend/husband just abandoned her on the trip. I didn't get into to many personal details since its not my business, but the crux of...
Andy Mirza
Note Fund Management Reserves & Liquidity
For our note funds, we set aside about 10% of capital raised as reserves. We set these aside for operating costs (foreclosure costs, note servicing, insurance, property tax advances, etc.) and minor rehabs for REOs.Mo...
Ravi P.
Hubzu.com Special Servicing
Thank you to those in advance. I recently placed a bid on a property in Hubzu.com. I was the highest bidder, however my offer did not meet the reserve that was set in place. This was the 3rd time it was placed in auct...