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10 October 2024 | 25 replies
They told me that both options would last around the same amount of time (apparently they have a 14 year lifespan on average nowadays) and they give a 10 year parts warranty, so might as well go with the cheaper option.
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7 October 2024 | 2 replies
Networking is key in our industry, and I’m always looking to connect with like-minded professionals.
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8 October 2024 | 12 replies
These properties are owned by a few different investors I work with and know personally, the average monthly rent per property is about $1,300.
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9 October 2024 | 12 replies
Trying to find quality subcontractors and writing proper contracts I would not recommend for somebody outside of the construction industry.
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8 October 2024 | 0 replies
Understanding which industries are thriving in your local market can help you identify lucrative locations.Infrastructure and Development: Look for regions undergoing infrastructure improvements, as these tend to spur real estate appreciation and rental demand.
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8 October 2024 | 2 replies
According to Zoocasa, the annual median income in Greater Boston has increased by 22.4 percent since 2018, yet in that same period, the average monthly mortgage payment has jumped by 27.5 percent.
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7 October 2024 | 2 replies
., allowing flippers to invest with lower upfront costs.Growing Job Market: With industries like logistics, healthcare, and tech expanding in Memphis, demand for housing is on the rise.Steady Appreciation: Home values in Memphis have been steadily increasing, providing a favorable market for short-term flips.If you’re looking to get into the house-flipping game, Memphis offers the potential for high returns in a stable, growing market.
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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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7 October 2024 | 3 replies
Would you average the credit scores, or take the highest as long as the low one does not have anything alarming in the details?
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7 October 2024 | 3 replies
This is coming from someone who worked in the insurance industry.