David Stone
Lender wants 6k in reserves for loan?
I am looking at purchasing a duplex for 80k. I have 30k in equity on my primary residence. I am going to use this for the 20% down. This would be my second property. The lender I got my first mortgage through is sayin...
Mauricio Ramos
CAPEX or Replacement Reserve on MBs calculator ??
Hello BP Family!Kind of running in circles on this dilemma and would love to get your opinion on this.When using @Michael Blank 's calculator (which is a state of the art weapon) i see the "deposit to replacement rese...
Luka Milicevic
How much should to keep in reserves?
Ever since I started investing I have been putting 100% of every penny of cashflow into reserves.I work full-time and live off my W2 salary and I don't touch my investments.I'm at the point where I would like to start...
Patrick Gault
Interest accruing savings account for reserve funds?
Currently, I'm depositing my reserve funds into a generic savings account. But I'm wondering if there is a better low-risk option for that money, which is just sitting there for a rainy day, that would help it grow o...
Mike Na
Hubzu highest bidder reserve met not accepted?!
Hi, I just started using the real estate site Hubzu and need advice and hopefully some explanation to how they operate. My situation is that I had set my eyes on this house which is only accessible through Hubzu. The ...
Alfred Litton
How Much in Reserve to Start Out
I am taking a $240,000 inheritance and purchasing properties in the next several months. How much of that should I hold in reserve? Some of the properties may not yet have renters. The area, though, has fairly stron...
Ryan Moore
Calculate Reserves into Cash-on-Cash Return?
In reference to cash-on-cash return, when calculating how much money was invested into the property, should I include any money that came directly from me that I put toward the reserves? Even if after the first 12 mo...
Dave W
Cash reservs for sub2 and lease options?
How much cash do you typically need for your subject 2 and lease option deals? Repairs, vacancy, closing, marketing costs ect?
Kyle Gregg
203k contingency reserve...who gets it now??
Hello everyone,I am wrapping up a 203k right now and the final draw is pending. My full 203k had a contingency reserve for 10%. My loan originator initially told me that this contingency reserve could either be put ba...
Darvin Johnson
How Do You Handle Capex & Reserves?
Hi Bigger Pockets Family,
I was wondering how everyone handles their capex & reserves. Do you save 6 months for each property AND save a certain percentage for capex each month? Do you only keep 6 months of res...