Mayra Loreta
Minimal reserves on a 4 unit?
Hi. Is it possible to get a mortgage on a 4 unit home (owner occupied) with less than 5% down and minimal reserves (3 months or less)?I was told an FHA loan requires 6 months reserves on a 4 unit owner occupied proper...
Dave Friedman
Pay cash? Use home equity loan?
Hi, all. I'm brand-new to this whole thing, and am about to buy a pair of properties that will require a total of $15K work done.Property A needs a new roof and some other work. Probably to the tune of $10K. This work...
Al Davis
Seeking advice to help my elderly parents
Hello,This is my first post here at Biggerpockets and I first want to say hello to all members of this incredible, resourceful site. After spending days researching solutions for my unique problem, I stumbled across t...
Ryan Arth
how much do you keep in reserve per property?
I am in the process of acquiring my second SFH for rental. How much would you keep in reserve per property for repairs, etc?
I do not want to get pinched and have to dip hard into my own pocket, but I also do not wa...
Corey Block
How much money to budget for repairs and capital expenses.
So, I have very recently discovered that I have made the grave error in not accounting for repairs and capital expenditures for my rental units. I have owned investment properties for going on 5 years, currently own ...
Johnny Khoury
Buy 1 Cash or 3 Under a Loan
HI guys,I have enough money to buy 1 home out right, But I know it makes a better investment if I use that money to buy 3 with a conventional loan instead.My problem , is that I already have 5 mortgage loans under my ...
Grace Shine
Is REO home cheaper than foreclosure home
The house I am interested in was foreclosed and had unpaid mortgage value of around 500k. It was on live court auction with a starting bid of 528k.
It didn’t have any bidder and got reverted back to the beneficiary, ...
Khari Lewis
How much cash reserve
How much cash reserve should I have for maintenance and maintaining each rental property
Keith Rowel
Great credit, very low cash reserves
Hello,I have been doing research on real estate investing for a few weeks and would like to get going but I have the dilemma of very low cash reserves. I have great credit but I do not want to do a hard money loan. On...
Jonathan Roberts
Vacancy, Repairs, and CapEx monies
Curious what to do with the Vacancy, Repairs, and CapEx monies you withhold/save from rentals? Seems that one would want it readily available when the need arises, but also put the money to work as well. What do you d...