Michael Florkowski
Union Carpenter getting started in the world of real estate!
27 December 2024 | 8 replies
I mean can you consistently provide an industry standard finished product similat to what the licensed trades would provice)
Ed Lopez
Excessive "Make Ready" Costs from Property Manager
21 January 2025 | 35 replies
@Ed Lopez our thoughts:1) $65 is average hourly rate for handyman in Metro Detroit.
Aidan Williams
Cleaner Making More than Property Manager
28 December 2024 | 12 replies
My smaller property averages $450 per stay (3 nights) and the cleaners charge $90, so they make more than a property manager would.
Moe Chafei
HI Everyone -
27 December 2024 | 3 replies
Real estate investing is forgiving; the average person can still make money even with some big mistakes.
Jay Hinrichs
New laws in Oregon now define who can wholesale and what license is required
9 January 2025 | 46 replies
I suspect the disclosure language will follow.. and CE or training is a good idea but that would probably be step 2.Oregon can be pretty funny when it comes to laws and regs.For instance in the logging industry.. there are all sorts of environmental laws of course and as a logger your expected to know them..
Duncan Forbes
Tulum Mexico Rental
23 December 2024 | 1 reply
Through a client and a lot of research and connections through my Personal Training Industry How did you finance this deal?
Chloe Salcedo
I don't know where to start or how to put my foot in the door...
13 January 2025 | 31 replies
Learn from your family and on your own by going to different meet-ups and having conversations with agents, other investors and anyone else in the industry to hear about their experiences.Make 2025 a year of planning and how you will go about that plan.
Sebastien Tinsley
Looking to begin my journey into REI
13 January 2025 | 45 replies
Real estate investing is forgiving; the average person can still make money even with some big mistakes.
Jeff Ryan
Mobile home purchase (on rented lot) for single family home investment
6 January 2025 | 14 replies
See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.
John Rose
New Investor from Texas
28 December 2024 | 6 replies
Real estate investing is forgiving; the average person can still make money even with some big mistakes.