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Results (10,000+)
Mark Sullivan Add to the Portfolio or Swap
3 February 2025 | 15 replies
The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.  
Jerry Zigounakis Best Growing Markets To Invest In
29 January 2025 | 14 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases: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.
Anthony Klemm early stage strategy comparisons
10 February 2025 | 16 replies
In our opinion, Class C tenants have FICO scores from 560 to 620 - where their chance of default/nonpayment is 15-22%.
Hemed Tov How to decide when to cut your losses?
12 February 2025 | 10 replies
well you dont say how much you have in it.. but if you can sell now and lose 10k and get out of a HML that would be my suggestion.HML  if they go into default interest and you could look at losing quite a bit especially if your HML is one of those that are not forgiving and wont give an inch on what they are owed.
Mia Law Buying Property from Family Member
15 February 2025 | 11 replies
If you default, you'd lose all that has been invested in the property.
Duane Williams How Do You Scale Fix & Flip Operations?
21 February 2025 | 22 replies
I'd be surprised that you couldn't find several HML with that record, assuming you haven't defaulted.
James Polk 7 Bedroom Padsplit
28 January 2025 | 0 replies
Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.
Leon George New to BP Community
24 January 2025 | 13 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.
Jimmy O'Connor A Breakdown of Philadelphia Neighborhoods and Values
16 February 2025 | 70 replies
If you live in a catchment area with a bad default school you, might get denied at all the schools you are applying to, so you're stuck going to the school in your default geography.
James Polk 7 Bedroom Padsplit
28 January 2025 | 0 replies
Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.