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9 October 2024 | 1 reply
Have specific challenges, ideas and areas I look into.
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9 October 2024 | 11 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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21 October 2024 | 176 replies
@V.G Jasonat least it was a specific prediction =)@Peter W.we have the same issue here in Pittsburgh. 15221 - Wilkinsburg, challenging area, median price $170kish.
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10 October 2024 | 8 replies
You do have to be aware of cultural differences and other challenges:- In other countries, workers ALWAYS take their birthdays off- You should inquire about & respect local holidays- Timezone differences of more than 2-4 hours, can lead to mysterious "sick" days.
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9 October 2024 | 3 replies
Cash flow is challenging to get with interest rates being higher, but possible if you find the right deal.
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8 October 2024 | 14 replies
We are in a semi major metro (Tampa) so while labor is always challenging it is not as difficult as a small town I imagine.
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7 October 2024 | 9 replies
It’s a great area to invest but has its own challenges with rising insurance costs, reflecting the Florida wide issue.
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8 October 2024 | 10 replies
I’m trying to work with a seller who deals in off-market properties, but they only accept cash or an “unrestricted line of credit” for payment.I have about $200k in liquid funds and want to invest it all, but I'm running into challenges with payment methods.
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12 October 2024 | 25 replies
It’s not without its challenges, but if you’re ready to do the work, there are some solid opportunities there.Happy to send over some resources if you want to dive deeper into the market.Best,Travis
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11 October 2024 | 56 replies
House hacking can definitely be a challenge but it is well worth it.