How much money should I keep aside as a reserve for my Properties? I know it all depends on how much you have but if I'm just starting with like a four-plex, what is a good rule of thumb before I start taking money fo...
For the early investors who put majority of their cash into their first few deals. If you are using the BRRR method do you need to have liquid reserves when refinancing? I know buying a investment property with conven...
I have an offer accepted on a 4plex. It will cash flow upon the sale. I have a contingency in place for the inspection since it’s out of state. My only concern is the down payment and closing costs will essentially wi...
We're learning the importance of reserve funds right now and in the coming months. In terms of months (I don't need to know your exact dollar amount) how much do you have in reserves?I'm talking every expense for your...
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...
Hey everyone!Not sure if this is most appropriate forum, but here we go:In my analysis, I deduct 25% from gross rent to account for repair and maintenance, Capex, and vacancy, and to build up reserves. My question is,...
I just closed on a newly built 6 unit multi-family apartment. Everything was built and installed 2 years ago and is immaculate condition. Now here in lies the problem. The HVAC systems are all high-efficiency and nee...
Our HOA decided to reassign the reserved parking spots and give them to "owners that live there". I'm assuming this is opposed to units used for rental properties or owners that use the unit for a vacation home. Man...
I have prospective tenant who has signed a lease but hasn't sent deposit yet. I made the mistake of also signing lease and sending back to them before getting deposit (won't make this mistake again!)I now have someon...