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2 October 2024 | 6 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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2 October 2024 | 16 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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8 October 2024 | 13 replies
(Originally from CT/UCONN grad) Here as a resource!
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4 October 2024 | 16 replies
In our opinion, Class C tenants have FICO scores from 560 to 620 - where their chance of default/nonpayment is 15-22%.
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30 September 2024 | 3 replies
My tenant found sublease for 500 less than he pays. He has 3 months of rent left and this is for 1 year new contract. Should I recover 1500 from him or 500*12?
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8 October 2024 | 9 replies
A fair price reduction would be based on the original price per lot ($12,000 x 5) or $60,000.
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4 October 2024 | 6 replies
We would like our home year three to be FHA as well.Hey Leah, when it comes time to refinance you can as long as you qualify for a conventional loan with a credit score of 620 or higher and have 5% – 25% equity in the home.
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3 October 2024 | 7 replies
It gives you great info and pulls their credit score for you, their work history for you, and sends you a completed application.
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6 October 2024 | 49 replies
The first agent may have procuring cause status, which might entitle the first agent to payment, in addition to the new agent.Why does the original poster want to dump the first agent?
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5 October 2024 | 14 replies
I could work backwards if I had to to add up all of the depreciation I claimed over the years and subtract that from my original basis, but I don't know what the original basis was.