What we've noticed is that the 2 most critical factors that determine default rates are experience (how many flips you've done in the last 2 or 3 years) and FICO score with the former being more dominant than the latter. 

: The how-to book of syndicated investment real estate by Gene Trowbridge

This is due to intelligence (mainly GENETIC (where your genes come from, which is due to where your ancestors lived, duh)), AND willpower (habits your parents and yourself instilled in you due to being used to hardships in life).So you're right in a sense, the difference between rich and poor is due to your parents, but you are right for entirely the wrong reasons.The 6 inches between your ears is all that matters, where those factors are genetic, epigenetic, national circumstance, or coming from a tough place in life.

This will create a motivated seller market with subject-to hybrid strategies probably dominating the scene.

Pick up a copy of "It's a whole new business" by Gene Trowbrdge (securities attorney as well). 

The fix n flips and the hard money can still be done, but expect larger down payments and lower ARV's to dominate the day.

Are you any relation to Gene Simmons? 

You can also do that as a part time work at home gig on top of a dayjob if you know what you're doing.I'd also tell you I'm predicting our Aviation companies are going to be in a slump in the next year or so and for several years thereafter due to this virus pandemic - I'm guessing it will take a long time for travel to get back to where it was -- I could be wrong and hope I'm wrong - but Wichita is Aviation dominant and we always lag the local economy usually when it comes to a downturn and take longer to come back.  

It just happens that the other 5% dominate this website.  

Hey Dominic!