Raymond Kalonji
Are My Screening Criteria Unrealistic for Section 8
26 January 2025 | 4 replies
Quote from @Raymond Kalonji: In your opinion, what would be a reasonable minimum credit score?
Chris Hains
Need A House Flipping Spreadsheet
28 January 2025 | 12 replies
There is a free version that allows you to do the planning, analysis and estimating that I would recommend you try before deciding to purchase the full version to see if this meets your needs.
Bree Jimenez
Hi everyone, excited to be apart of this community.
28 January 2025 | 22 replies
I have over 30k coming in very soon and working on credit score.
Lindsey Waltz
85% ltv DSCR
29 January 2025 | 7 replies
Also, credit score minimums are higher- often requiring a middle mortgage FICO score of 720 and above.
Llamier Guzman
First ever investment property!
26 January 2025 | 1 reply
My credit was pulled twice (currently sitting at a 700+ according to Experian) but I don't know if this would affect my score or anything when it come to actually choosing a property and locking in a rate.
Jerry Nogueras
NYC Residents- Which areas outside NYC have you seen the most success for rentals?
27 January 2025 | 6 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases: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.
Jason Weidmann
Looking to start investing in LTR,
29 January 2025 | 2 replies
Here’s a more polished version of your message:Hello BiggerPockets community,A close friend has been encouraging me to get into real estate investing for years.
Ofir R.
50K Cash, DSCR loan, where?
26 January 2025 | 3 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases: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.
Ryan Denman
Colorado Landlords and Jury Waiver
24 January 2025 | 0 replies
Hi All,I'm reading through the latest version of the BP Residential Lease Form and it contains a clause that seems to say that a jury cannot hear a trial related to a dispute between landlord and tenant.
Alex Patton
Refinance DSCR Advice
28 January 2025 | 10 replies
We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.