Would love to hear from experienced investors, agents, and wholesalers on what’s working in your market!

Yesterday I reached several Fishers' City employees and a member of the Nickel Plate Review Committee none of whom had ever heard of Goodin Development. 

HMLs are a higher risk loan product that are meant for experienced investors although many will still lend to new investors.

I'm really hoping to make some connections and work with and learn from more experienced investors in the community.

I would get more details on the numbers and go through it with an experienced investor. 23% expense ratio is laughable for any apartment building, let alone an old class c product.

Every investor, even the experienced ones, has that “Did I mess up?”

Real estate agents tend to want to make a sale and they are not as experienced with the rental market as they are the sales market.

So, we obtain a full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc. to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyWe also obtain data from national databases about evictions, convictions, and sex-offender histories.

P.S. also reach out to experienced real estate agents that cater to buy and hold investors and let them know of your intentions and availability.

Review the agreement for how the UPREIT will work very carefully.