Matthew Schulz
Freeport/Northern IL Duplex Market Insight
4 November 2024 | 4 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
Beruk Lessanework
New Member Intro
1 November 2024 | 8 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.
Jeff Galak
Lactchel vs SuperTenders
6 November 2024 | 29 replies
Whoever actually went to the house claimed to have found a short at the compressor and added 6lbs of freon.Latchel is probably fine if they only triage to our previously vetted contractors, but if "LUGGHOME" is their version of a "preferred contractor", I am out.
Paul Passafiume
Anyone tried Ziprent or remote property managers??
3 November 2024 | 8 replies
Ziprent found me a tenant with an 800 credit score in 7 days near the top of the market rent for my condo during slow season!
Jace Perry
Searching for 80% to 85% DCSR Lenders
1 November 2024 | 10 replies
There are 80% LTV cash out refinance options and 85% LTV for a single family rental purchase if the property is cash flowing (DSCR ratio of 1) and the credit score is high enough.
Raquel Brown
23k to refi??!!!!!
1 November 2024 | 17 replies
The interest rate they gave me at us 7.70%, 5/1 ARM, rent to debt service ratio is 1.21My credit score is 672.
Lue Yang
Primary Residence Rules
4 November 2024 | 10 replies
With Conventional, your brothers do NOT need income, do NOT need credit scores, DO need to be on the loan and live in the property for 1 year.
Greg Scott
Multifamily Syndication Halloween Costume
31 October 2024 | 4 replies
@Greg ScottYou can get the upgraded version that includes a microphone with it engraved with “guru” for the extra $25k they charge to teach you how the lost it all
Vincent DeLucia
Any thoughts on Detroit, Mi and the surrounding Cities
31 October 2024 | 6 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+, 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, 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.
Isaac S.
Delaware Statutory Trust DST 1031 Difficulty Giving up control
12 November 2024 | 171 replies
Here is the short version.