Kyle Josefiak
Building a Reserve for a Primary Residence?
This might be a dumb question, but the thought occurred to me the other day... obviously when investing in a rental property you factor in expenses like CapEx, Repairs, Vacancy, Prop Management and others. Being someo...
Craig Risser
Cash Reserves for Mortgage
Hello everyone,Getting my down payment, closing costs, and cash reserves lined up for my first investment property come January.But today I read that lenders also want to see six months of cash reserves available for ...
David Stone
Lender wants 6k in reserves for investment loan?
I am looking at purchasing a duplex for 80k. I have 30k in equity on my primary residence. I am going to use this for the 20% down. This would be my second property. The lender I got my first mortgage through is sayin...
Erich Martinez
Colorado Double Closing - Handling Reserves
I'm working on two real estate deals and was pre-approved for both (a Single Family Home (SFH) and duplex). I've gotten appraisals on one property and inspections passed underwriter final review on the SFH. On the d...
Trevor Barrett
Please help - I want to secure a loan to buyout my 50/50 partner
Hello BPers,I currently am 50/50 partners in an investment in a single family residence worth ~$2 million. My partner wants to sell, but I want to buy out her portion. I do not have a lot in terms off cash reserves, a...
Jerry Padilla
Cash Reserve Requirements Have Changed!!
Cash reserve requirements just changed for conventional financing! 6 months PITI is required on subject property, always! If you have 1-4 financed properties than it is now 2% of all unpaid principle balances.If you h...
Daniel McCauley
Reserves - Current home/Rental Property
This has probably been asked a lot, but I searched and could not find the answer. We have been in our current primary residence for nine years now and have an FHA loan. We are looking into a 4-unit rental property. ...
Robert Johnson
Two Deals Done, X to go - Recommended Next Steps?
Hey all! To summarize - I have two deals done and have limited liquid capital to do the next, but I do have some equity tied up in a 3.5% interest loan. What are your recommendations?We have one rental in North Caroli...
Carolyn McBride
5% Down Requirements for New Conventional Multifamily Investing Option
Hi BP,I've applied for the new 5% down multifamily primary residence loan option for a 3-unit property, but keep getting denied at the Automated Underwriting System (AUS) stage. I have good credit (690), 24 months of ...
Tony Velez
Buying property number 3 cash reserves?
Hi,We own our primary home and a triplex. Our mortgage broker said in order for us to buy another property.... we would need 25% down. Plus 6 months cash reserve for our primary home and our triplex. Does this sound r...