Kendric Buford
Multifamily Newbie - Tips & Feedback (Out of state/Ohio)
1 January 2025 | 12 replies
Collect money, not properties.
Christopher R.
Homeowners Insurance/Landlord insurance/Umbrella insurance
26 December 2024 | 14 replies
.- Personal Articles: Coverage for belongings that have a special or collectors valuesuch as Jewelry, Furs, Fine Arts, Collectibles, etc...Your age should not be a factor on the pricing but, depending on the company these other factors may get you credits:- Insurance Score (company pulls certain info out of your credit report).
Augusta Owens
New member and new to real estate
7 January 2025 | 12 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Zongfu Li
Kiavi is the worst lenders I have been working with
15 January 2025 | 11 replies
However, much of our document and data collection was handled by loan analyst Taylor Vassey.
Ethan Slater
New Member Joining BiggerPockets
4 January 2025 | 14 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Sean Relyea
Baselane & ACH Collection Services
3 December 2024 | 26 replies
I should note that that I was using Baselane's banking service to collect deposit and rent, and had moved the funds immediately to my private bank after I collected (thank god!).
Greg Weber
Has anyone done business with this company or person
19 December 2024 | 37 replies
It will be info i need moving forward with my collections people for him.
Yonathan Cabrera
Locating Gap Funders?
22 December 2024 | 7 replies
Perhaps in return they collect an acquisition fee, collect a construction management fee & share in a portion of the upside.
David Putz
Lets hear what Note Servicers other Note Investors use.
2 January 2025 | 29 replies
We have a ongoing list of each along with their fees and what state they are licensed to collect debt in.
Ken M.
Creative Financing for 2025
2 January 2025 | 10 replies
For a relatively "safe" creative financing, one needs serious reserves (lots of moolah) and the ability to sell or refinance quickly when one of those "hiccups" occur.The gurus usually collect a large fee, from people who have neither money, reserves, nor experience.