Jeff D.
Escrowing Insurance/ Taxes & CapX Reserves
Hi all,Been doing some research about the multifamily closing process and was wondering the following: Do your escrows for Insurance and Taxes come out of pocket? Or can they be included in the loan amount? How about ...
Kenzie McIlvoy
Cash reserves for first investment deal
My husband and I are planning buying our first investment property this year. We are currently living in a house we own that we plan on renting out. My husband is in school so we are on one income until summer.My ques...
Michelle Taylor
Reserves-where do you keep it?
Where do you store your reserves so you can liquidate quickly but also get a decent return for so much money being tied up?
Eli Sunderland
What to do with Savings/Reserves
Hello everyone!I've got a fairly simple question for all of you. What do you all do with your savings or reserves? For example, if I buy a property and know that I need to keep $X in reserves for vacancy/CapEx/repai...
Jim Truman
Doing the math: Cashflow, Reserves, Mortgage
Hello,I'm running the numbers on properties and planning to purchase one over the next year if we can find the right deal. I want to make sure I'm properly calculating cash flow when comparing properties and talking w...
Jake Thompson
Work Around For Minimum Reserve Requirements
Hi everyone, my wife and I found a duplex that will cash flow about $500/mo (with both units rented) and want to use a VA loan to house hack it. We’ve house hacked once before, so we have some experience. I also worke...
Mayra Loreta
Minimal reserves on a 4 unit?
Hi. Is it possible to get a mortgage on a 4 unit home (owner occupied) with less than 5% down and minimal reserves (3 months or less)?I was told an FHA loan requires 6 months reserves on a 4 unit owner occupied proper...
Taylor Green
Thoughts on cash reserves - HELOC acceptable?
Hi,
I have a question on cash reserves for a property. I am going to try and save 5-10% of my projected cash flow every month to put in reserve, as well as anything above my projected cash flow each month. My...
Bryan Kelly
Reserves to be Held While Scaling
Tying to understand the amount the needs to be held while scaling. I know as a smaller investor that has 5 properties, banks want to see reserves prior to lending. At what point, are they no longer going to want to se...
Dan M.
Interest Reserves Charge on Settlement Statement
Hi, I am using Lending One to close on a 4 unit in Berks County, PA. Closing is in a few days and I just received the settlement sheet from title and noticed a charge I haven't come across before. There is a $4325.82 ...