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18 October 2024 | 2 replies
Over the past three years, I’ve been using most of the major off-market techniques.One standout method has always been pulling data and feeding it into a call center to generate off-market leads.
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19 October 2024 | 3 replies
Over the past three years, I've been using most of the major off-market techniques.A classic method is pulling data and feeding it into a call center to generate off-market leads.
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14 October 2024 | 2 replies
Some states/cities legally require you to renew leases if they have not violated one of the "for-cause" eviction criteria (destruction of property, late/no payment, violation lease, etc.)
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20 October 2024 | 14 replies
Most lenders cap out at 75% and I know of a few that can go to 80 as long as the scenario checks a few boxes, but the majority of DSCR cash-outs stop at 75%.
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18 October 2024 | 7 replies
All an agent should do for you is list the property to generate showings => to generate applications, that YOU then screen.Now, they may actually be asking you want screening criteria you want them to advertise, which is fine.Can't answer your question though, without knowing if this is a Class A, B, C or D property - as they will all have different criteria.Here's a sample of some of what we use in our Metro Detroit market:Class A Properties:Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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20 October 2024 | 35 replies
Check out Huntsville and areas north just along their major highways.
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18 October 2024 | 2 replies
Engage professionals to inspect major components such as the roof, plumbing (including sewer lines), foundation, drainage, electrical systems, HVAC, chillers, boilers, termites, exterior walls, balconies, stairs, rails, and concrete.
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20 October 2024 | 147 replies
If you read the majority of the replies by the Columbus Mafia, it's only about Columbus or the general area.
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21 October 2024 | 176 replies
And who holds the majority of USD debt?
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19 October 2024 | 2 replies
Their are few, if any instances I can think of where a property owner would perceive that giving up the major portion of 10 years of appreciation on a $200,000 property for $5,000 cash while “tying up” said property for same time is advantageous.