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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
This is coming from someone who worked in the insurance industry.
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7 October 2024 | 15 replies
@Anthony LiberatoreGet a W2 job in the real estate, construction or related industry.
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6 October 2024 | 1 reply
Training Programs: Establish ongoing training and development for staff to ensure they are up to date on industry trends and operational best practices.
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4 October 2024 | 8 replies
Initially we thought weekends for football games, homecoming, graduation and ect would be our clientele but I’m liking the idea of weekly stays from these types of guests.
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2 October 2024 | 38 replies
Kamala Harris announced her plan for the economy, which includes many incentives and disincentives for the real estate industry.
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8 October 2024 | 13 replies
Joined BP because I am eager to learn and soak in as much information about the industry to assist my future clients on their investment properties.
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8 October 2024 | 6 replies
I have inside knowledge of utilities here (I worked here in this industry for over 20 years) and you're going to have water and power back shortly if you're in Swannanoa.
11 October 2024 | 27 replies
The standard industry practice is around a 1% origination fee, but the borrower can decide how many points they want to pay.
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6 October 2024 | 1 reply
Networking also plays a vital role; connecting with other investors, real estate agents, and industry experts can provide valuable insights and open doors to new opportunities.