Nicholas Ball
Determining an appropriate reserve fund based on property age
Hi,I'm looking to properly estimate expenses in my model when searching for deals. I'd like to be able to get a general idea of the expenses before doing further research into the property to determine specifics (like...
Kevin Trumbull
How do you handle your vacancy/maintenance/capex reserves?
I'd first like to note that I am not yet a landlord, but looking to buy a property to rent out before the end of the year.I have some questions on how you handle your vacancy/maintenance/capex reserves? For example, ...
Trevor Cox
What percentage of rent are you using for reserves?
When I first started looking into real estate investing a few years ago, I read multiple sources that said a conservative number for repairs, cap ex, vacancy are each 10% of rent. I've been seeing some people using nu...
Chris Bisaillon
Pre-approved but no $$ for down payment or reserves.
So I got pre-approved for a mortgage but I don't have the money for DP or reserves. Been looking at properties and found some deals. I want to get started but getting discouraged. What can I do?
Karen F.
Class C landlords - better build up some cash reserves
To any LLs who rent to people who are working class but pay their own, unsubsidized rent: be advised that you should build up some cash reserves. New England Journal of Medicine just published a case report of the di...
Kelson Alexander
What’s the best thing to do with your reserves ?
Hello BP family, is it a good idea to keep my reserves in the stock market or some other investing vehicles (when I could get some kind of return on it) instead of having it seating in a savings account doing nothing?
Anton Rachitskiy
Getting cash from the house with low cash reserves
Hi,I'm trying to extract cash from the house in Cleveland, OH (valued at $330k, if I can get at 75% that would be great). The house is currently used as AirBnB and has no financing on it. However I was denied by conve...
Sandy Blanton
Hold a cash reserve account in property manager's escrow?
Property Managers. In my area all of the larger PM's require the landlord to place a month's rent in a reserve account to cover repairs/etc. I'm the only one not doing it. However I'm thinking about starting such a...
Jack Wyatt
How much reserves should I have on a property?
I did my first deal last year. I bought a rooming house. 13 bed 7 baths. It's a lot of work and randomly there are late-night calls but I cash flow around $4000 a month. It's an old house with its share of problems. H...
Deanna S.
What is the reserve requirement for a nonrecourse loan?
Hello BP experts. We are negotiating an offer for a property (a duplex) and will be using a nonrecourse loan for the financing. Does anyone know what the IRS requirements or guidelines are for required reserves when...