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4 October 2024 | 16 replies
See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.
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3 October 2024 | 29 replies
Full time job = $4550 monthly; Part time job = ~$2400-$3200 monthlyLittle Rock, ARZillow estimated my property at $358,000.
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1 October 2024 | 7 replies
They are probably anxious about the new owner and this will rock their world.
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4 October 2024 | 17 replies
Unfortunately, that also means its likely not worth fighting much beyond sending written notices as you suggest, at least not on my own.By posting this in the forums I was hoping to find others who had invested in these deals or with the operator so we could band together to find a solution.
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1 October 2024 | 8 replies
You guys rock!
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1 October 2024 | 24 replies
My dad owned a D class property and a lot in B and C class property.
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29 September 2024 | 2 replies
Most likely once you cut open a hole in your sheetrock you will se the 2x4 wall framing, and more sheetrock, which should be doubled 5/8" fire rated sheet rock.
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4 October 2024 | 35 replies
I am the first B and the first R then get taken out on the refi..
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24 September 2024 | 8 replies
I've looked in Tampa (Hyde Park, Tampa Heights, Seminole Heights) and Pinellas county (Clearwater beach, Indian Rocks, Lealman, St.
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30 September 2024 | 30 replies
On the beach side there has been recent development with a Jimmy Buffet retirement community and the Hard Rock soon to open.