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Results (10,000+)
Jane S. Has anyone heard of a company called NOMAD
13 January 2025 | 8 replies
We have many hundreds of 5 star reviews (see the full set for yourself  https://www.trustpilot.com/review/nomadlease.com) that demonstrate this.Thanks for all the discussion and let me know if I can answer any questions!
Lutfiya Mosley The Multifamily Mindset program. Biggest regret of so many people. Is it a scam?
24 January 2025 | 35 replies
I hope more investors come on and give honest reviews so others can be spared from the worst experience I've had in many years.what is your attorney doing?
Brooke Carlton 2.25% Interest Rate - Assumable Mortgage, down payment gap over $200k
22 January 2025 | 13 replies
Yea they would keep that in place and you'd get a second position mortgage for the rest at, well, higher than todays rates.
Ashley Kroft Starting Out: Advice on which option to take from a Refinance
3 February 2025 | 7 replies
@Ashley Kroft, what a great position to be in!
Max Schilling Cash For Keys In Foreclosure Sale Property
3 February 2025 | 3 replies
Has anyone been in a similar position, or has had success offering this type of agreement to a previous owner of a property who has not yet voluntarily vacated?
Zach Howard New, hungry, eager to start while also patient. Large risk appetite.
10 January 2025 | 17 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Alec Barnes How Do You Ensure Quality Tenants?
9 January 2025 | 12 replies
This includes contacting the applicant’s employer and speaking with their supervisor to confirm job stability, income, and reliability​. if the person has not been employed at their place of employment they would require a guarantorCredit Score and Debts: Applicants need a minimum credit score of 620, and while we review debts, medical debts are generally not disqualifying unless they impact overall financial health.Criminal History: We do review criminal history to ensure safety and security for our tenants, while remaining mindful of state and federal guidelines.Rental History: Positive references from past landlords, with no evictions or significant lease violations in the past five years, are essential. and we can see into the court system if they have an eviction judgement.Release of Information: We include a release form allowing us to verify employment and rental history directly, which helps us get a clearer picture of an applicant’s background.This process has worked well so far, but I’m always open to improving.
Ryan Ruppert Shopify for own STR website?
20 January 2025 | 7 replies
Although I’m guessing most people in this position would use Wordpress or something more customizable.
Ashley Wilson Pros and Cons of Joining a Coaching Program
27 January 2025 | 29 replies
Look for reviews, testimonials, and case studies to gauge the program’s effectiveness.Am I ready to put in the work?
Maryann Nichols Is Bigger Pockets mostly for rental properties?
6 February 2025 | 6 replies
One thing I will say, and do with it what you will, if you are digging out of a bad financial position I'd suggest RE is not for you now.