Quote from @David Cianci: Quote from @Wale Lawal: @David CianciThe decision to create an LLC for your real estate investments involves various factors, and it's a choice that should align with your specific goals and risk tolerance.

@Shoaib Ali Chaudhary go hang out at your local Home Depot at 6am on a Saturday morning!

Good morning everyone I am new to the BP community and am excited to start investing in multi family properties around the Wilkes barre Scranton Allentown PA area.

Most focus solely on due on sale clause as the deciding factor. 

And of course they are paid to go pick up materials, or that is factored into their bid.It all comes down to communication between you and your contractor/handyman.As an investor buddy of mine says, I don't let anyone else spend my money.

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.

Good morning everyone,My name is José and Ive been a BP pro member for a couple of years now.

What factors do you think I should consider to determine if it makes sense?

This is neighborhoodscout stats- since 2000: 287.98% or 5.75% annually which is 10/10 nationally- for last 10 years: 125.30% or 8.46% annually which is 9/10 annuallynot bad but not that impressive until you factor in leverage.

Are there closing costs I need to factor in?