Ryan Biankowski
Auction.com House Not Hitting Reserve
I’ve been bidding over and over again on an Auction.com home. For what ever reason it doesn’t hit the reserve price. At the end of the set auction time frame, it resets and goes back out for a new Auction the follow...
Yahshua Muhammad
Cash reserves investor needed asap
Greetings BP Family,I’m offering an opportunity for a quick percentage return on a 20k investment, cash reserves needed for only 2 weeks for seasoning to wrap up a refi deal.Also,Cash Investors,I have multiple Free &a...
Callum K.
Lenders Cash Reserve Requirements workaround
So I was listening to a podcast yesterday and I heard someone mention that when you borrow for loans in excess of 4 mortgages, lenders require 6 months cash reserves for the sum of all mortgage payments. They went on...
RJ Gustilo
Cash Reserves For a Loan
Has anybody felt they ran into a set back after learning about having the need to have 6 months of reserves required by banks? I am a newbie investor looking for my first investment in the next few months and have eno...
Mark S.
Cash Reserves + Self-Directed IRA
I'll divide this post into two parts: Cash Reserves and Self-Directed IRA.
CASH RESERVES
I realize every lender is different, as is every investor. My question is how much cash reserves - after down paymen...
Matt Vezina
Credit Builder Loans? and Reserves
I know there is a component of "won't know till you apply" to both these questions but hoping to get some insight from folks who have seen a lot of mortgage applications. Looking to purchase either a house hack MFR o...
Edmund Li
Capex reserve for cheaper props
I am a newbie investor looking to get my hands dirty with my first purchase. I have been in search for my first rental property for a while, and I haven't pulled my trigger because I couldn't get the math right.I've f...
Erich Martinez
Colorado Double Closing - Handling Reserves
I'm working on two real estate deals and was pre-approved for both (a Single Family Home (SFH) and duplex). I've gotten appraisals on one property and inspections passed underwriter final review on the SFH. On the d...
Daniel Yoo
Apartment Property - Reserve Expense/Account?
I'm doing my due diligence on a 100+ unit apartment that I will be purchasing.
Wanted to ask other BP's who own 100+ apartments. Do you keep a reserve fund/expense account on your books? If so, how much is it, do yo...
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...