Jeff Ryan
Mobile home purchase (on rented lot) for single family home investment
6 January 2025 | 14 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.
Dave DeMarinis
Stessa and Buildium for Accounting and Prop Mgmt
14 December 2024 | 13 replies
I'm in the process of building my portfolio into the program but am concerned on it being a turn-key property accounting software.
Spencer Manning
Section 8 (HCV): Do government funds ever run out? And other questions.
13 December 2024 | 5 replies
States and some cities get broad latitude on administration of the program.
Jenni Utz
The Power of Relationships in Real Estate
22 December 2024 | 1 reply
I launched a coaching program aimed at real estate agents who want to transition from traditional transactions to building their own portfolios.
Alfredo Ahumada
Acquired Tax deed property at county action with 2 deceased owners
11 December 2024 | 4 replies
Do you have their death certificates or can you confirm that?
Blake R.
Thinking of Starting in Multi Family instead of Land. Need Recommendations
18 December 2024 | 13 replies
.: I wanted to get involved in land investing and made a post about it during the summer and have continued to look at it until now.I was questioning if I should trust a land guru in my area so I asked about it and got some feedback.So then I have searched for land investing education programs and a name was at the top on google and I saw he had a lot of information out there.I did research on him and watched a lot of his videos and it all sounded good but I heard him talk about how he now owns over 1000 doors in multi family, so I started thinking about it.
Noah Bacon
BiggerPockets Pro Partner Update - Stessa!
15 January 2025 | 49 replies
I have been using Stessa for years and don't want to lose all that I have stored in the program.
Lenny Montesano
Young aspiring real estate investor seeking advise
3 January 2025 | 26 replies
Then as people move out do the exact same thing to those units.You can get in with an FHA loan at 3.5% or a first time home buyer program.
Rick M.
What to do if tenant falls a month behind
25 December 2024 | 12 replies
But if there is a job loss and can't pay then do the notice and or cash for keys program.
Rene Hosman
Have you tried tools that report your tenants rent to credit bureaus?
20 December 2024 | 12 replies
From a landlord perspective, its great to be able to provide these simple services/amenities at no cost to us, yet empower the tenant to enroll in programs like this.