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1 February 2025 | 3 replies
For sure AI follow up, re-engagement, and appointment setting is a huge trend coming into the real estate industry across the board.
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30 January 2025 | 56 replies
Tulsa has a solid industrial base and a lower cost of living, attracting renters.Cash Flow Potential: Compared to many other markets, Oklahoma properties still offer better rent-to-price ratios, giving you a shot at achieving positive cash flow even with today’s interest rates.Specific Markets to Explore:Oklahoma City: Check out neighborhoods like Midwest City, Yukon, and Edmond.
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10 February 2025 | 16 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.
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10 February 2025 | 7 replies
I can pay utilities, insurance, and other holding fees but I won't have enough to pay other cost like listed above.
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29 January 2025 | 8 replies
I was involved in a bunch of industries—from wellness and gyms to digital marketing and consumer products.
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7 February 2025 | 9 replies
For 20 years I have been in the oil & gas drilling industry. 3 years ago, I became a drilling consultant and started my own business.
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22 January 2025 | 5 replies
Quote from @John Reagan Johnson: I am new to the real estate industry and am looking to connect and exchange businessIf you are new I would suggest something totally different.
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11 January 2025 | 15 replies
The properties in OK, which are roughly 30-40% smaller than my personal residence are only about $400-$600 cheaper than my FL insurance.
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24 January 2025 | 3 replies
Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.
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6 February 2025 | 7 replies
When it comes to finding good wholesalers, a few approaches have worked well for me and others in the industry:1.Local Networking & Meetups:Check out local real estate investor associations and networking events in the Akron/Cleveland area.