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I am looking to buy a 4 unit apartment. I have the 25% DP, the closing cost and my credit is excellent. The lender would like me to keep 6 months of reserver funds not just on the apartment but also my primary and a...
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Is there a rule of thumb for how much cash you should keep on hand per unit? I have set aside 5k per SFR in case of repairs. I would love to hear what other people are doing.
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I purchased my first property back in January and I'm getting ready to purchase my 2nd. I live in Seattle so I'm starting out with the turnkey route. All properties have brand new HVAC system, hot water and roof so my...
Thanks to BP community. Bunch of knowledge out there which we could lean on espcially from overseas. Would apprciate if some of the lending gurus / specialists could guide me on my below scenario
Overseas investor ...
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Hi all, I am curious if this has ever been an issue for short-term rental hosts and how you have mitigated the issue. I got an Airbnb guest who reserved 28 nights under a strict cancellation policy. The booking was co...
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I am a beginner investor and am planning on following the BRRRR method. After recently speaking to loan professionals I have become aware of the fact that after you have a couple of properties lenders will require th...
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Hello,
I have $10k available in a personal line of credit.
I currently have the funds I need for a down payment and closing costs for my next property but was curious about reserve funds.
Would a traditional lend...
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Let's say an investor is buying a 4 plex for 150k putting 25% down and needs to have 20k in liquid reserves per the bank, if you were short say 10k, can you borrow 10k for the remaining or is that not allowed? I know ...
I noticed Neil Gorsuch just signed a law acknowledging a treaty from the 1800’s which makes almost half of Oklahoma Indian territory. Has anyone become members of the Indian Nation accidentally, or would you lose you...
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As we are looking to be at 15-20 doors this year, I'm starting to examine how much we should really hold in reserves. The biggest part of that is determining our capital expenses for replacements as things age + any i...