Ming Huang
OKC long term investments experience and recommendations
24 January 2025 | 6 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Jacob Dalton
Should Cook County be a "No Go" Zone for Single Family Rental Investment?
22 January 2025 | 12 replies
As a would be individual landlord with just a one unit single family property I don’t know I can stomach the risk or withstand a financial assault resulting from an eviction process for a non-paying tenant (or tenants that do extensive damage).I am seriously considering bowing out and selling.
Melissa Sejour
How do you research the best areas to invest in?
22 January 2025 | 9 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Jermaine Washington
Tenet has abandoned property without paying rent.
13 January 2025 | 11 replies
Out of curiosity would anyone be willing to share any experience with non-paying renters who've vacated the property prematurely?
Brad Roche
FHA 203(k) vs. Fannie Mae Homestyle Renovation Loan
13 January 2025 | 5 replies
Quote from @Brad Roche: The other thing that is great for the FHA 203K loan (not sure about the Homestyle loan) is that you can kick the payments out to 6 months of ownership (so close today and make your first payment July 12th 2025) if you are fixing up the home.
Alex Fenske
I bought a neighborhood strip center and brought no money to the closing
20 January 2025 | 3 replies
Every bank at that time had way too many non-performing assets on its books.
Jed Butikofer
No more mortgage payment, but not yet FI/RE: How should I utilize these funds in REI?
20 January 2025 | 37 replies
i shelled out big 20-25% down payments on my first few deals, and then realized... hey, this won't work for very long!
Michael Beirne
Section 8 BRRRR in Baltimore
22 January 2025 | 15 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Matt McNabb
Building Future Cashflow Portfolio
15 January 2025 | 14 replies
You'll need something like 125 units netting $200 per door to get there, that's about 10 million worth of multifamily in today's money, so you'll need about 3 million in down payments.
Chris Seveney
Home Payments as % of Median Income
2 January 2025 | 12 replies
Its percent of home payment to median income which has been skyrocketing over the past few years.