Derek DeLong
Stretch Budget or Keep Money in Reserves
Hello BiggerPockets, first post here. I've been listening to the podcasts for almost a year now. As I just moved to the Knoxville location, I am looking to buy a house hack. Is it better to buy in the best neighbor...
Julie Macd
How do you manage your maintenance reserves
Across the forum, we talk about ensuring that you maintain your reserves... but how do you actually manage them on you own the properties? This question is for the properties you plan on holding. If you are flipping, ...
Dan Grove
How much should I keep in reserve
Hello all, I have the opportunity to buy more than one property but wanted to make sure I have enough money in reserve for problems with the rehab, longer time to get a tenant, etc. I am going to budget money for vac...
Alex Witte
Cash Reserves - 6 months of monthly expenses?
Hello all!I know it is a "to each their own" kind of topic, but I wanted to get a gut check on what others are doing for cash reserves based on their portfolio. My portfolio is small. I have 5 units and I am in the pr...
Jessica Flint
What qualifies as cash reserves? HELOC? 401k?
I have five investment properties and I'm fairly new to all this. I'm slowly building my portfolio using the BRRRR method and also my own passive income, along with cash investors. I don't want this pandemic to stop...
Ryan Cleary
DSCR reserve requirement concerns for a 1031
We are performing a 1031 where we will expect to have around $190,000 to put towards a nicer rental. I notice that many DSCR loans have a higher reserve, from what I have seen, cash reserves higher than the down paym...
Stephen Roberts
Indicators of bank reserve value for auction?
Hi all,I'm attempting to be as strategic as possible in establishing my target (not maximum) purchase price offer for a property. I believe I want it to And I'm looking for whatever I can find to tease out how high t...
Ryan Ebzery
Reserves for Repairs and CAPEX (House Hacking)
Hello BP Bay Area Team!I live in San Jose and I'm looking to house hack my first property in the Bay Area! As I analyze deals, I'm looking for guidance on how much capital I should be putting away for repairs and CAPE...
Mariah Myers
Expectations for Destin STR reservations pick-up
Good morning, everyone. :-)
I invested in my first short term rental in Destin last august. While I know that I closed on the purchase just before the down season, I am wondering when bookings start to pick up for ...
Gopichand N.
Is contigency reserve normal for property management?
I am currently in the process of reviewing a contract from a property management company, and I came across a clause that raised some questions.The contract stipulates that a sum of $500 per property, up to a maximum ...