Updated almost 5 years ago on .
do i need reserves on rentals when i buy a primary?
I know when i buy a rental i have always been required to have 6 months reserves on each rental and 2 months on my primary. Last time i moved and bought my primary... the lender only needed 2 months on the new primary and no reserves on rentals. Is that still the standard? As I will likely be moving and dont think id have enough if 6 months were required on each rental when i buy a primary. As my 401k never has been counted as reserves since i cant withdraw it right away (unless i prove hardship)
Appreciate any thoughts