15 October 2024 | 69 replies
Helping the space create some norms and baselines will make the bad apples start to stink a lot sooner.Every industry's association from cleaners to Community Associations has some sort of certification or accreditation program for their members.

8 October 2024 | 1 reply
It has been a great first experience, it nearly paid our mortgage by itself while my wife and I went through masters programs and had our first child.

9 October 2024 | 21 replies
You do not know what you do not know, and most of those weekend workshops will have an upsell for another program...

7 October 2024 | 19 replies
One of the tenants are part of the program ran by the section 8 program in Passaic County.

9 October 2024 | 10 replies
Heloc any existing properties with sufficient equity, use a 10% loan program out of state for a vacation home, it beats 20-235% for an investment.

8 October 2024 | 3 replies
Additionally, there may be grant money or other funding programs available to you.Finally, if you get involved with a local real estate group you can likely find other investors that might want to participate in the deal with you.

8 October 2024 | 12 replies
-Maintenance, find a local NARPM chapter and they probably have a bunch of affiliate vendors on there.

6 October 2024 | 12 replies
If you are in WI, I'm based out of Waukesha and can share the carriers who are the best in SE WI.FYI - Each state & metro area will have different insurance carriers who have the most competitive programs..

7 October 2024 | 1 reply
I've considering whether it makes sense to look at potentially converting it to a single family and enrolling the property in the college's off-campus housing program.

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.