Celine Li
"Which out-of-state cities are good for investing now?"
16 December 2024 | 23 replies
: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.
Michael Plaks
EXPLAINED: can I apply "STR loophole" strategy in December?
11 December 2024 | 15 replies
I mentioned its simplified version of "no more than 14 days" only in the context of our specific scenario: buying a new STR in December.
Thomas Lebens
Can a rookie use a DSCR loan for a duplex?
15 December 2024 | 18 replies
Typically they want good credit score, landlord experience, and 20% down.You can get ones that will either use current rents OR market rents.
Joy McQueary
Multifamily // Cash Flow & Appreciating Markets
13 December 2024 | 13 replies
: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.
Paula Simpkins
Locating Landlord--Is this CRAZY to far?
17 December 2024 | 9 replies
Credit score. references..
Alex Silang
What drives you to aim to attain super wealth?
28 December 2024 | 23 replies
It gets tough using wealth given away in the scoring because giving it away ends achieving any additional return on that wealth.
David To
California call for class action lawsuit on Eviction Moratorium
14 January 2025 | 329 replies
Here's what I do....again it may be controversial, but there is such an enormous pool of tenants that have vouchers that I can do this and still have plenty of people...No smoking of any kind.....I don't care if you have a card that says you need "it" for medical reasons.No evictions, ever.No felonies in the last 5 years.No dangerous breed "animals" or pets and when fully grown the pet can't weigh more than 20 lbs.They will pay for a background check through SmartMove that costs $40.00I don't care what "story" they have, I don't sign the RFTA package until they give me one full months depositI actually don't care what their credit score is because the housing authority pays most of their rent.I don't care about their oncome because the housing authority pays most if not all of their rent.
Shakthi Kamal
Real Estate Investing on a Visa
12 December 2024 | 2 replies
Hi Shakti, As a lender we do work with US-visa holders as long as they have an established credit score in the US.
Devin James
To those who consider themselves very wealthy, is wealth worth what is takes?
22 January 2025 | 56 replies
We trying to empower and challenge our employees to become better versions of themselves.
Mustafa Shaikh
RAD Diversified Review — It Wasn't Pretty
19 January 2025 | 147 replies
Not saying there financials are not good, but usually if someone is not submitting them and freezing withdrawals there is a reason for it....TLDR version: Do not expect your $5k back and write it off as a lesson learned and would not spend anymore $ or time trying to chase it.