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18 September 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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15 September 2024 | 38 replies
Right now, their interest rates are really high.
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18 September 2024 | 5 replies
This couldn't be more of a true statement with the current clients I'm dealing with.. on one spectrum, I have clients that are incredibly respectful take my recommendations and listen and on the other I have people who are just plain rude and are a pain to work with.
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18 September 2024 | 6 replies
I would recommend working with a commercial mortgage broker that is very familiar with each bank's overlays.
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15 September 2024 | 22 replies
Also, their percent is crazy high. their APR is 9.66 percent and they didn't even tell us that.
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14 September 2024 | 24 replies
Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.
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17 September 2024 | 5 replies
Good morning,Can anyone recommend a reputable general contractor who can specialize in rehabbing a multi family in the chicago land area.
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18 September 2024 | 9 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.
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14 September 2024 | 3 replies
Any advice or recommendations would be greatly appreciated!
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17 September 2024 | 1 reply
My good friend has already had a lot of success in real estate and is an ultra high income earner.