Carrie Giordano
The Importance of Reserves
Countless times, I've heard the question asked "How much do I need in reserves?" While the answer tends to vary based on the investors' risk tolerance, I thought I would share my experience. As a background, I live in...
Matt Shields
Homeowner Association Cartels
HOA's have figured out new victims to fleece, the flipper. In Arizona I have watched HOA fees climb to absurd amounts. Recently legislation was put into place to limit their transfer fees to $400, but as expected they...
Kenny Lincoln
How To Understand Reserves Needed for Financing
Looking for feedback about the following scenario, thanks BP. Plan to sell an investment property and receive around $215k. I would like to use a 1031 exchange to leverage all of this money. I’m trying to get an under...
Allison Karrels
How much Cap Ex Reserves do you have?
Right now I am in contract to purchase my 6th rental SFH. I have been putting aside $100/month/property for a while now and have about $10,000 sitting in a cap ex reserves savings account so that I am prepared for th...
Graham M.
Current Viability of Long Term Rental Investment in Calgary
Hi BP Calgary Community,
I live in Calgary and am looking getting into property investment. I am looking to invest about $100,000 on a down payment for a long term rental, but running the numbers on a few different p...
Roger S.
How many of us do it the way all the rules say to?
I try to follow the guidelines, but we do buy some homes that don't quite follow the 1% or 50% rules, and we're ok with that.The rule I'm really wondering about now is one I just read in a recent thread. Someone said...
Samantha Zanotelli
Jumbo Loan Question
Is there anybody offering 10% down on Jumbo Loans in Southern California..
I was told that this isn't possible right now and that given the current market most people want to see 12 months of reserves. Was curious wh...
Carlos Handler
CASH OUT PROCEEDS be used as Reserves for New Purchase?
Hi. It’s been a while since I posted on here. This community has always been so helpful. Doing a cash out on my secondary home. I would like to purchase a new primary home with cash out funds. Without the cash out I w...
Bridgett J Bell
DSCR Loan docs question
Hi
I applied for a DSCR loan to cash out on a free and clear 4plex held in an LLC but the loan officer is asking for my personal bank statements, personal home mortgage statements. I don't understand why I need to su...
Brad Roche
Using a No-Ratio Loan to buy a Primary Residence
What is a no-ratio loan? Much like a DSCR loan for an investment property- a no ratio loan does not look at your Debt-to-income ratio (DTI). They are mainly focused on your credit score and cash reserves. This is a gr...