Jennifer Wood
Best Way to Fund Reserves
We have the opportunity to buy 12 single family units that are already rented through a portfolio with seller financing. We are still in the early stages of setting terms and we are out of state so haven't seen the p...
Account Closed
Reservations about using Hard Money
I have a deal that would make a great BRRRR. $60,000 asking price, $90,000 rehab, $200,000 ARV. Cashflow positive $300 a month using the 50% rule financing 75% LTV when done. Obviously I’ll dig deeper into the expense...
Ryan Keenan
Having cash reserves and 401k
Hello bp, question about cash reserves for the bank. Currently going for my 3rd property putting 25 percent down most likely being a owner occupied property. I'm using some of my own money plus 50 percent of my 40lk. ...
Jerad Graham
Aging Condos and Reservation Requirements
If you haven't heard, there's a big wave of opportunity that's presenting itself in Florida right now. Is anyone looking to get into some of these condos and flip them?
Ruben Diaz
HELOAN for hard money reserves
Good evening team! Glad to be part of this network. I’ve done 1 rental property and sold it to gain capital and did 1 flip that didn’t go so well so not 100% experienced to say the least. I wanted to get back in the g...
Ryan Moore
Dues increased because of low reserves
Dues in my property's neighborhood increased by 20% right after I purchased because of a low reserve fund. I know there are many variables and specifics involved but should I expect the dues to go back down to a lowe...
John Humphries
Where do you put your reserves?
Hello all,
I have about $400/month leftover after holding costs from my house hacked triplex each month to put towards maintenance, turnover, and capex. It seems ridiculous to let that money sit in checking or savin...
Jared Baker
How much to keep in reserves
Hello BP,I am looking for my first rental property and was wondering what people keep in reserve for a deal. Since it will be my first property I will be able to get it for 5% down, which will only be about $8K, ther...
Sarah Antonelli
Homeaway/VRBO suggestions on transferring reservations
I'm about to purchase a new cabin for short term rentals. Part of the deal is getting the $9000 worth of existing reservations that exist through the end of 2018. Airbnb has a wonderful solution to co-managing this pr...
Rob Toste
Maintenance and Cap Exp Reserve amounts
Hi Bigger Pockets,I am trying to "sharpen our pencils" so to speak when it comes to proper reserve amounts for rental properties and I am having a difficult time finding concrete answers to this topic. I have searched...