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

Join Our RentalRookie Community (It's Free)

 

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.

[/feature_box]

Itunes

 

 



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...

Want To Learn More About Managing Properties?

Click here to access our free video tutorial on how to self manage your rental properties. We'll show you what you must have in your rental application, how and where to list your properties and why you should always conduct walk thrus with your tenants.  Get started now.

Leave A Response

* Denotes Required Field