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22 September 2024 | 5 replies
Make sure they are open ended objective questions.It's just another data point to add to credit score, background check, income, etc etcI can share the question I ask if you want.
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22 September 2024 | 5 replies
I would just make sure to reach out to some local lenders shortly after so all the hard pulls get grouped together and don't impact your credit score as much.
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25 September 2024 | 20 replies
Originally posted by @David Horton: I desire to make $80,000 annual cash flow income from real estate in one year.
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25 September 2024 | 5 replies
Fannie and Freddie will not originate loans into an LLC, last I checked, so you will be on the commercial side of any bank you work with.
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25 September 2024 | 0 replies
However, this terminology can obscure the underlying issue: the original asking price was not aligned with the market reality.The Benefits of Price CorrectionsWhile the term "Price Improvement" may be somewhat misleading, the process of correcting inflated prices is beneficial for the real estate market as a whole.
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25 September 2024 | 5 replies
As for property taxes, I won't say it hasn't ever happened, but I would think on most properties it would be very unlikely to negotiate those to a discount by the original seller.
16 September 2024 | 8 replies
Any thoughts on a good credit score but a bankruptcy in the past?
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24 September 2024 | 1 reply
Purchase price: $255,000 Was originally our primary residence, then life happened and the Navy moved us around the country for a while.
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25 September 2024 | 18 replies
Failure to file is based on the original filing date.
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20 September 2024 | 24 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+, 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, 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.