Show035: How Much Cash Do You Need In Reserve to Buy a Property?

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Show 35 is dedicated to sharing with you a tip for when you are trying to qualify for financing for an investment property.  As a Take 10 segment, Emily's goal is to share with you one thing about investing in rentals on the go.  In this show, Emily shares with you one thing that banks looks for when you are trying to qualify for financing for your investment properties.  For the bank's protection, they require investors to have a reserve fund that can cover the PITI (principal, interest, taxes, and insurance) for a certain period of time in order to qualify for financing.

In looking to protect their own investment in you, they really are forcing investors to protect themselves.





What You'll Learn...

  • What is a reserve fund
  • Why banks require a reserve fund when obtaining financing for a rental property
  • How much you need in a reserve fund to qualify
  • What is considered liquid funds

Resources Mentioned In The Show...

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