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All Forum Posts by: Jonathan Farber

Jonathan Farber has started 43 posts and replied 203 times.

Post: What amount reserves to keep in your rental bank accounts?

Jonathan FarberPosted
  • Rental Property Investor
  • Medellin, Colombia
  • Posts 231
  • Votes 215

@Mike McCarthy - any rules of thumbs on percentages? Like how much you like to keep liquid in general or per property.

Post: What amount reserves to keep in your rental bank accounts?

Jonathan FarberPosted
  • Rental Property Investor
  • Medellin, Colombia
  • Posts 231
  • Votes 215

@Jonathan Farber - just resurfacing. Any takers here?

Post: What amount reserves to keep in your rental bank accounts?

Jonathan FarberPosted
  • Rental Property Investor
  • Medellin, Colombia
  • Posts 231
  • Votes 215

Hey all, doing some financial planning this week as we are looking to add some properties. Call me old fashion, but I like the idea of having a few months PITI (Principle, interest, tax, insurance). Any good rules or thumb or recommendations from buy and hold investors on how many months reserves they like to leave per unit earmarked?

@Jay Dertzbaugh @Brad Farber @Ruben Kanya

Post: Cover letter to impress brokers/lenders :)

Jonathan FarberPosted
  • Rental Property Investor
  • Medellin, Colombia
  • Posts 231
  • Votes 215

Thank you all for the input @Doug Smith - seriously awesome response.  Love the candor.

Post: Lenders for out of state multifamily investors

Jonathan FarberPosted
  • Rental Property Investor
  • Medellin, Colombia
  • Posts 231
  • Votes 215

@Dylan Nelson sending a pm!

Post: Cover letter to impress brokers/lenders :)

Jonathan FarberPosted
  • Rental Property Investor
  • Medellin, Colombia
  • Posts 231
  • Votes 215

@Greg Dickerson - this is a final offer. We’ve met the sellers but brokers are involved. This will hopefully be the last communication before an accepted offer.

Post: Cover letter to impress brokers/lenders :)

Jonathan FarberPosted
  • Rental Property Investor
  • Medellin, Colombia
  • Posts 231
  • Votes 215

@Greg Dickerson - thanks for the note Greg. How about for sellers, does cover letter matter?

Post: Lenders for out of state multifamily investors

Jonathan FarberPosted
  • Rental Property Investor
  • Medellin, Colombia
  • Posts 231
  • Votes 215

@Barri Griffiths - I just spoke with them today! Thank you

Post: Lenders for out of state multifamily investors

Jonathan FarberPosted
  • Rental Property Investor
  • Medellin, Colombia
  • Posts 231
  • Votes 215

@Dan Gamache - stabilized property (fully occupied). Not much rehab needed, maybe some light cosmetic. Around a $1 Million purchase price.

Post: Lenders for out of state multifamily investors

Jonathan FarberPosted
  • Rental Property Investor
  • Medellin, Colombia
  • Posts 231
  • Votes 215

@Andrew Kougl - thanks for the follow up. This deal is around $1 million. Thoughts ?