Robert Bell
Reserve Funds Required For A Private/ Hard Money Loan
As a private lender, we use reserve funds as a way to gage whether or not someone is financially ready to take on a real estate investment. We use 10% of the loan as a rule of thumb.
Even though we can usually fund ...
Robin Thornton
What Is A Good Amount To Have In Reserves?
Hello Again Good People of the BP Community.
I just rented out my 1st SFH rental property which I own free and clear. All major systems have been well maintained. Other than saving a certain amount from each rent p...
Ken Scarince
What is an acceptable or common underfunding of the Reserve?
I am about to pull the trigger on a condo in Pasadena, CA and upon digging into the financials of the HOA discovered that they are funded at about 30% of what the third party HOA analysis firm would consider a full re...
Erik Azevedo
How much in cash reserves? (4plex, FHA, househack, Akron OH)
Hi everyone.I'm looking at a fourplex listed at 159,900 as a househack for my first deal.I have limited cash and I need advice regarding how to come up with a sane/safe amount of cash to have left over after the deal ...
James Stinnett
Question for Property Managers - How do you set Reserve Amount?
For the PMs out there, or for landlords that use a PM. Is there a rule of thumb for setting a reserve amount? What factors are considered? Do most PMs have a company wide policy that owners must agree to on reserve am...
Kim Hopkins
How to Factor Expenses from Reserves into Cash Flow Statement
Hello! I'm going nuts here trying to figure out how to properly set up a statement that shows my cash flow. In particular, we have a reserve (escrow) account that we put money into each month the year before to cover ...
Nicole Grenier
Is a reserve needed to purchase a three family home?
Does the bank require someone buying a three family home to have a certain amount of reserves? If so, how much? thanks!
Mercedes Holt
Cannot see any information on my BPCON 21 tickets/reservation
Hi there BPCON 2021 attendees,I've gotten a bit anxious as the time nears closer about my BPCON tickets/reservation. I do not see anything on my BP profile about it. Besides what I've seen in my personal email, should...
Ron Singh
Impact on mortgage rates Federal Reserve cuts rates to zero
With federal cutting the rates to zero, what to expect on high balance mortgages (loan amount above 500k since its pretty common in bay area). what interest rate to expect to refinance and new home mortgages ? (cons...
John Lynagh
Condo Association Hasn't Had Reserve Study in 14 years. Problem?
Hi Bigger Pockets!
The Condo Association I'm looking to buy a single unit in hasn't had a Reserve/Useful Life Study done in 14 years. They provided me a summary of the last study (done in 2006) but it was not very de...