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8 August 2022 | 32 replies
@Marcel Couch Classes for commercial properties are different than residential 1-4 family properties.Also, you'll find the concept of classes for 1-4 family vary greatly as there's no standard and everyone has different opinions.Our LOGICAL opinion is that it all revolves around the tenant pool for a property.Here's our definitions of Class A-D, with the understanding that we are playing statistics and probabilities (there are always exceptions):Class A: 680+ FICO, white-collar to high-blue collar, very stable career/income, usually some savings, takes very good care of rental propertyClass B: 600-680 FICO, low white-collar to mid blue-collar, stable employment/income, often some savings, takes good care of rental propertyClass C: 550-600 FICO, mid blue-collar to no-collar, decent stable employment/income, lives paycheck-to-paycheck, 50/50 on taking decent care of rental property or being hard on it.Class D: <550 FICO, no-collar, unstable employment/income, often only SSI and/or Secion 8, often doesn't deal with banks, usually hard on a rental property.The tenant class will eventually affect the property, which eventually affects the neighborhood class, which affects the contractor & PMC class willing to work there.An abundance of housing will typically lead to a lowering of the overall class in that area.A shortage of housing will lead to gentrification and improvement of overall class in that area.
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18 July 2022 | 40 replies
The information to be a "good" agent is abundant on free sources.
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24 July 2022 | 13 replies
If you're property is an ADU in a suburb of Portland, it's tough to make a lot of cash given the abundance of those in Oregon's ADU friendly zoning environment.
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3 August 2022 | 14 replies
Now, the FED has make it abundantly clear that they'll keep raising interest rates aggressively until they can bring back inflation below their 2% target.
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28 July 2022 | 12 replies
I'm not 100% sure what viewpoint you're coming from with the question but here are a few possible scenarios you may be considering...1.) you're inexperienced as a party to a real estate transaction, and you want to gain knowledge while also setting yourself up to earn income and save commissions.2.) you're an experienced investor and have been a party to several deals, and you just want to save commissions, get easy access to properties, all while helping the occasional friend/fellow investor as supplemental income.I'm guessing you're closer to #1, and your intentions must be abundantly clear... do you just want to avoid commissions, or are you in it to learn and grow in the business?
19 August 2022 | 16 replies
If you need other suburbs to explore Berwyn & Cicero could be good options due to abundant 3-4 unit inventory.
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2 August 2022 | 14 replies
If the abundant interest persists, we will adjust the price before accepting application fees.
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24 August 2022 | 6 replies
I would say that there is absolutely a sweet spot, the market has an abundance of 3-5 bedroom homes.
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28 September 2022 | 11 replies
SFRs are fairly straight forward based on abundantly FMV data and experience.
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28 December 2021 | 20 replies
Gotta have that abundance mindset!