Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
At first I looked at this as possibly just a failed investment where millions of unaccredited investors lost money (still very bad for everyone involved), but after learning about the involvement of Ronald Fossum that has a convicted history of defrauding investors and the fact that Norada is still raising money from investors, my mind now goes immediately to possible Ponzi Scheme paying past investors current funds being raised.
Chris Yeung
Investing in Norada Funding's notes
19 December 2024 | 55 replies
At first I looked at this as possibly just a failed investment where millions of unaccredited investors lost money (still very bad for everyone involved), but after learning about the involvement of Ronald Fossum that has a convicted history of defrauding investors and the fact that Norada is still raising money from investors, my mind now goes immediately to possible Ponzi Scheme paying past investors current funds being raised.
Steve K.
Due On Sale Clause About to Become More Common?
12 January 2025 | 185 replies
Let's view this another way, a tenant applies to rent who was convicted of burning down a previous landlords property.
Andrew McManamon
Investing in Bitcoins
9 December 2024 | 98 replies
Facts, real world results, and human nature can't sway them because their understanding doesn't go any deeper than buzzwords and a conviction that if the whole world just thought like them then all the world's problems would be easily solved.
Sharon McCants
Should I sell cash flowing property to buy 2 more with the cash?
19 November 2024 | 28 replies
The emotional / confidence factor does matter when it comes to conviction to hold over the longhaul.4) Are you improving or decreasing in the quality of area you are going into in order to acheive this cashflow in PGH?
Matt Durik
Ideas on best company to do background checks on prospective tenants
14 November 2024 | 6 replies
This screening includes the following reports:Credit ReportFelony Convictions ReportEviction ReportWe can also provide additional screening services such as the ones listed below:Employment Verification ReportPersonal Reference Verification If you contact her.
Scarlett Tao
Co-signer income requirements
18 November 2024 | 14 replies
So, we obtain a full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc. to build an overall credit evaluation.Public RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.
Kevin Hilton
Down Payment on Next Property Advice
18 November 2024 | 13 replies
If you are going to be active, and have high conviction in a project with a clearly defined entry/exit strategy then using a HELOC is one of the better sources of capital.But, I continue to have my stance that, on average, folks who use a HELOC to fund the down payment for long-term investments will eventually find themselves in a situation where their portfolios drain their personal financial situations, rather than fueling them.
Matt R.
Bitcoin is 10k again what are you going to do now?
5 December 2024 | 554 replies
Originally posted by @Terrell Garren:I'd sooner rent to a convicted felon with a 400 credit score, a tattoo on his forehead and a stolen car than deal with Bitcoin.
Bryn Chatterton
New to Rental Property Investing
8 November 2024 | 3 replies
So, we obtaina full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc.to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.