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hi all - if i am interested in a second home then do i need to have 6 months reserves on my rentals too?I know when i buy a rental then i have to show 6 months on my rentals, but when i bought my primary... i didnt ha...
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Hello BP,
Alot of people talk about Cash Reserves but I haven't seen what that amount actually is. Is it 10k on 100k house 10% of purchase price. Is it the price to fix one huge problem? 5k for the roof so ...
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Good Morning BP,
I have a question about reserve amounts. When analyzing deals, what do you budget for reserves? do you withhold a flat rate amount, or do you withhold a percentage of the gross rent? Currently I am ...
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Recently placed an offer on a small multifamily property that was off market. Offer was accepted and papers ready to sign. While reviewing documents I see seller is "reserving mineral rights". Has anyone ran into this...
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Replacement reserves are funds that are set aside from a property’s operating cash flow to fund future capital expenditures. Normal wear n tear or repairs.How much should one set aside or budget for replacement reser...
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Just a thought I had and wanted some clarification on: when running analysis on rentals, cap ex & repairs are always a part of that calculation, no matter what - and that I understand. BUT, once you’ve accumulated...
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Hello - I am new to biggerpockets and I have 1 SFH rental property and I am seeking advice. I hear tons on leveraging, low money down...financing but I don't hear much about the length of the loan. Should I take out ...
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Did anyone know what Auction's reserved price mean and how to handle the process? Did bidders pay more than Auction reserved price or pay below it? Could experts please explain to me how to bid on reserve price dem...
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First time buying a condo in Boca Raton and have some basic questions. The community has been around for a while but trying to understand reserves (see attached). Inside the master community, there are many subdivisio...
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I am planning on selling a property and doing a 1031 exchange, I have a couple of questions that I have not been able to figure out from the many other threads on this topic.
The property I am selling has a higher va...