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15 October 2024 | 10 replies
Seems pretty standard, VA isn't as tied to credit scores as conventional would be.
24 October 2024 | 18 replies
Originally posted by @Matt Schlough:I was using the one from Rocketlawyer.com.
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15 October 2024 | 4 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.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:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.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:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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23 October 2024 | 11 replies
Other companies I look up to are BAM Capital and Origin Investments.
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20 October 2024 | 3 replies
For example, if you were rehabbing an old house with plaster walls, the insurer might spec them to be replaced with drywall and base their payout on that BUT the public adjuster digs into all those details and makes them payout based on plaster because that is what is there originally.
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17 October 2024 | 20 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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21 October 2024 | 5 replies
Hi Guys,in FL,HOA is foreclosing on a house in a week - Lien of 25k.the property also has a 1st position loan (Reverse mortgage) that also just started proceedings with no set date or "Final Judgement" numbers yet.On the details of the 1st reverse mortgage foreclosure, its only mentioned that there is 320k principal balance due.The original note of the 1st was issued 2009, with a total sum of 650k, payble up to 2081 (!!).
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16 October 2024 | 9 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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15 October 2024 | 7 replies
We use mysmartmove (by transunion) for credit score and financial and criminal details, then compare that with the information provided on the application form to look for inconsistencies.
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15 October 2024 | 6 replies
What credit score do you think tenants qualifying for government assistance will have?