Jonathan Farber
What amount reserves to keep in your rental bank accounts?
Hey all, doing some financial planning this week as we are looking to add some properties. Call me old fashion, but I like the idea of having a few months PITI (Principle, interest, tax, insurance). Any good rules o...
Jeremiah Russell
Setting aside reserves and expenses monthly or creating lump sum?
Which scenario is better? Scenario 1I have a rental home where I set aside 35% of my rent each month for vacancy, repairs, capx, property management, etc. The rest of the rent goes to paying down the mortgage, and m...
Casey S.
Bank wont loan if seller reserves mineral rights in TX?
Im in TX and trying to sell a 4-plex in which I currently have the mineral rights. The buyers bank is saying they wont lend on it unless I give up minerals. That sounds crazy to me. Anybody in Texas ever heard of anyt...
Adam Ulery
What to do about cash reserves for big apartment deal?
Hi BP family! I'm preparing for my future goal of owning an apartment. I have a question about cash reserves. How do I handle ensuring enough cash reserves for an apartment when I don't have a large amount of capital?...
Eric Roth
How to Structure Private Loan for Down Payment & Reserves?
Hi All,I'm considering the opportunity to lend private money to a small group of investors I know who are buying rental properties, doing slight renovations, and leasing them out. The business plan seems solid and I t...
Eric Carr
How much $$ reserves do you want to potentially semi-retire?
I have 11 units in the Twin Cities. My total of all annual expenses is about $220K- everything, insurance, haircuts, leisure travel, property taxes, etc all included in there
I dont want to semi-retire any time soon,...
Ajay Sandhu
Reserve fund depleted.water leakage..Shall I still buy the condo?
HiI am a newbie. I am working on a deal involving the purchase of a condo as a rental property. The property would yield a positive cashflow calculated using the rental property investment calculators provided by BP. ...
Jerel Davis
Hard Money Lender asking for 15% Reserves after closing costs
Just a little rant:My hard money lender says I have enough to make a deal work with the money I have to bring to closing. I can afford the holding costs.. but they won’t approve it because they want to see I have an ...
Cathy T.
What reserves are REALLY required when buying my second property?
Brief background...I have a duplex where I lived in one part for four years, and rented out the other part. One year ago I moved out, and have rented out both sides. All is going well there, and I have been actively l...
Chad Carlon
3 paid off rentals. Refinancing with small/no reserve account?
Hi. I have a portfolio of 17 SFHs in DFW with 3 that are now paid off; those 3 have around $500k in equity. Thinking about refinancing, to try BRRRRing, but I’ve been reading that I need 6 months of reserves for eac...