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9 October 2024 | 11 replies
See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.
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7 October 2024 | 3 replies
Renters or home buyers aren't going to like seeing mud for their new home.The amount of sod needed is approximately 10-11 pallets for the front and back, which will cost close to $4K-$5K, and that's steep.
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4 October 2024 | 3 replies
I'm currently analyzing a potential rental property in Houston and trying to quickly estimate insurance costs.
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4 October 2024 | 10 replies
The house is now worth approximately $315k.Initially, we thought we'd stay here long-term, but we ended up with a larger house than we need.
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10 October 2024 | 7 replies
Get a couple estimates materials and labor.
10 October 2024 | 0 replies
Often, states will provide child support calculators, which are a great starting tool for those strictly looking for an estimation; these calculators tend not to get into the nitty-gritty of finances, however, as they don’t factor in your specific circumstances.
11 October 2024 | 27 replies
Hey Ian, Tough to say without an official Loan estimate.
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7 October 2024 | 7 replies
First I want to thank you for reading, I am new to the investment market and the idea is exciting and terrifying at the same time.A few facts:Purchase Price: 325,000Rental Income Estimate: $5250Property details: This is a 3 door property:1. 1/1(main building)2. 3/2(main building)3. 2/1(separate building)Repair estimates to get all 3 properties up and running: $145,000 - $200,000I do not have a ARV since its very unique there is not anything we can compare to but I am looking to get a third party appraisal.Plan is to do a mortgage for the property with cash down payment.
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11 October 2024 | 41 replies
I'm still at approximately 2X market rent.
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5 October 2024 | 2 replies
Cash flowing and approximate gain of $80k in equity.