Mary Jay
Cash flow is a myth? Property does not cash flow till its paid off?
1 February 2025 | 52 replies
The tenants so good I even lease a new unit to end same day an old tenant leaves, they have 700 scores so no one does anything wrong.
Chris Kelly
Tenant smoking weed but can't prove it
25 December 2024 | 28 replies
it was my version of cash for keys - only it was more an agreement to not have their ability to rent again trashed for keys (definitely cheaper).Sorry you're dealing with this.
Jeff Hines
How would you start investing if you had $150k???
17 December 2024 | 86 replies
I also have a credit score of 756.
Felicia Richardson
Land Purchase Down Payment
21 December 2024 | 12 replies
This will change after the first of the year to a 30 year, 3 year balloon….620 Fico Score and 50% DTI ratio.
Rafael Ro
What are some realistic tenancy terms and maintenance costs (turnkey)?
19 December 2024 | 5 replies
Take a look at this chart: 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% This is how likely a borrower is likely to default on credit extended to them.
Guenevere F.
Hi Everyone! I’m New here & super excited!
18 December 2024 | 10 replies
I have been on the site for the past two days and already purchased two of Brandon Turner’s books as well as the Audible versions so I can just fully emerge myself into the world of real estate investing.
Charles Evans
New House Hacker, Need Tips/Reassurance Please!
29 December 2024 | 15 replies
makes sense. so i actually did a 2-1 buydown FHA, i have a 800 credit score and locked in a 5.875% in today's market which is pretty damn good IMO... so the first year ill be at a 3.875% with about a $2350 monthly payment including prop tax/pmi/morg insurance/home owners insurance. lease is locked in for a year at $1400 a month which makes me only have to pocket roughly $1000. the way i see it, its cheaper than rent or mortgages in today's world!...
Spencer Dixon
Property manager recommendation
20 December 2024 | 4 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
Mia Shlomit
Converting to condo in Union City, NJ?
13 December 2024 | 15 replies
If the former, note per Union City Rent Stabilization ordinance (https://ecode360.com/15397000 is a slightly outdated version), "the terms of this chapter apply to individual dwelling units within a building, including condominium or cooperative units in the process of being converted, or having been converted".
Eamon Conheady
Do not use this lender!
26 December 2024 | 21 replies
This can result in significant financial loss and damage to your credit score.