Jeff Bush
Equity Dilemma - Wait to for more reserves or pull equity?
Afternoon!I am a newish REI, having only been at this a few years. I currently have 6 SFH, buy-and-hold, long term rentals in the Hinesville area. I am working on my 7th deal with the 8th-12th on my plan for next year...
Melissa Thomas
First Property Complete! Now What?? BRRR or Build some reserves?
I am a full-time marketing manager and I JUST wrapped up my first STR remodel after 6 LONG months. I went over budget of course but my husband and sunk in a good 60K on property renovations and took on extra debt to r...
Account Closed
Why are rental repair/maintenance reserves a percentage of rents?
I'm confused how using setting aside a percentage of rents for repairs makes sense. And where does that number come from? A $600/mo rental and a $2500/mo rental may have the same reroofing or repipe or mainline or H...
Gerardo Waisbaum
Seeking Advice on Best Options for Parking Multifamily Reserve Funds
Hi everyone,
I am a multifamily property operator, and I am looking for some advice on where to park our reserve funds. Currently, we have them in a money market savings account, but I believe there are better opti...
Phil T.
Should I set more $ aside in reserves for a duplex?
I'm possibly going to be buying a duplex as my first rental property, and had a new guy question. Show much extra should I be setting aside in reserves for a property like this? I was figuring if I was buying a SFR,...
Briana Bean
Quickbooks, how do you label money reserved for future use?
Husband and I own a few rentals and are working towards more. I am learning Quickbooks and want to get things set up right the first time. I feel like I've got a decent Chart of Accounts in place that I have put toget...
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,...
AJ Satcher
Understanding How Mortgage Rates Are Affected by the Federal Reserve
Hello,I'm doing research into how the federal funds rate affects mortgage rates. I've seen that typically, 30 year fixed mortgages rates will be roughly the federal funds rate +2% (give or take factoring in other econ...
Zachary Taylor
Do you separate your expense reserves from your cash flow?
Hello everyone,I'm wondering how people handle their expense reserves and cash flow. Do you keep it in the same account? Do you separate the two? Do you put the expense reserves in a checking and cash flow into a sav...
Thao Kieu
Property is Being Sold Subject to HUD Guidelines/Reserve Mortgage
Does anyone buy a property with Reserve Mortgage, would you please share with me any insight you have, this is what I found so far. Thank you very much.Property is Being Sold Subject to HUD Guidelines 24 CFR 206.125Th...