Tove Fox
Nevada, Ohio, Michigan, Pennsylvania Out of State Investing
20 January 2025 | 22 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.
Chandra Faulk
How long does it take to find a qualified tenant?
27 December 2024 | 19 replies
So, even a small negative like a $50 unpaid cell phone bill that goes to collections when you switch carriers tanks their score.
Kendric Buford
Multifamily Newbie - Tips & Feedback (Out of state/Ohio)
1 January 2025 | 12 replies
Collect money, not properties.
Shayan Sameer
Fix n Flip 70% rule
3 January 2025 | 45 replies
A private lender is optimal (so you don't have to use all of your cash and can scale easier if desired) because you may not have to jump through as many hoops.
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).
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!).
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.
Jacob Kurian
Newbie FHA Loan
16 December 2024 | 5 replies
Always have an exit strategy in case refinancing takes longer than expected, such as optimizing rents or reducing expenses.
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.