I'm just getting into property management as my mortgage business has started to slow down over the last couple of months.

For those of you in property management (or even landlording), how much cash reserves...

Good day all,I'm looking at auction.com and see an auction that has a reserve of 123k, but the starting bid is 35k.  While I understand the bank may sell to the highest bidder even though it might not reach the reserv...

Hello BP community! I have a question about the 6 month reserve required whenever you finance a property. Could I take cash from my HELOC, transfer it to my checking/savings account, and that be my reserve? After fina...

Hi BP!

I'm working on some calculations for an apartment building. 6 story, approx 30 units. For an SFR, I typically keep about 8-10% of the homes values as cash reserves. What rule do you use for a large mul...

Is there a formula or general rule as to how much reserves you have set aside per property?

Good Morning BP community, I was wondering if anybody has used any alternatives to money reserves. Can an investor use hard money lenders or private lenders to pay for a few vacant months on a MF rental property or ma...

Does a foreclosure at a auction ever go for under the reserve price? And if so any strategies.. I’m surprised how high some of the auction prices are.Thank you

Hi all,So my question is regarding reserves. I’m about to buy my first deal using a HELOC. I also have $20k in reserves. I’m wondering if most people leave those reserves in a basic checking account or move it to say ...

I am thinking of setting aside 10k in cash reserves for my first investment property after all of the closing costs and possible repairs needed to get the property rent ready. Is this too much or too little? Thanks fo...

I am considering to take a HELOC out of my free and clear rental. I do have 6 units.The first agent I spoke to said that I got to have 6 month reserves on ALL of my properties. That is like 40k just chilling in checki...