Question: How Much Reserve is necessary on Existing Properties for New Loan?

[David Avetisyan]

Possibly opening escrow on an investment property - off market.

I have a few existing investment properties - all conventional loans. The new purchase would also be a conventional loan.

Per guidelines, what is the minimum reserve needed on my existing properties, and the subject property to qualify for a loan?

Thanks in advance

[Jerry Padilla]

@David Avetisyan 

Here is a blog I wrote on cash reserves. 

http://www.biggerpockets.com/blogs/5110/blog_posts...

Cash Reserves Required For Other Properties Owned by Investor;

• If the borrower has 1-4 mortgages, an additional two (2) months for every other SFR investment property and second home is required and additional six (6) months for every other 2-4 unit investment property and second home
• If the borrower has 5-10 mortgages, An additional six (6) months for every other investment property and second home.