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Results (10,000+)
Steve Tom Potential Tenant - but high debt - should I be worry?
7 July 2022 | 9 replies
Stable job with a tech company.
Marcel Couch Neighborhoods For Long Term Rental
8 August 2022 | 32 replies
@Marcel Couch Classes for commercial properties are different than residential 1-4 family properties.Also, you'll find the concept of classes for 1-4 family vary greatly as there's no standard and everyone has different opinions.Our LOGICAL opinion is that it all revolves around the tenant pool for a property.Here's our definitions of Class A-D, with the understanding that we are playing statistics and probabilities (there are always exceptions):Class A: 680+ FICO, white-collar to high-blue collar, very stable career/income, usually some savings, takes very good care of rental propertyClass B: 600-680 FICO, low white-collar to mid blue-collar, stable employment/income, often some savings, takes good care of rental propertyClass C: 550-600 FICO, mid blue-collar to no-collar, decent stable employment/income, lives paycheck-to-paycheck, 50/50 on taking decent care of rental property or being hard on it.Class D: <550 FICO, no-collar, unstable employment/income, often only SSI and/or Secion 8, often doesn't deal with banks, usually hard on a rental property.The tenant class will eventually affect the property, which eventually affects the neighborhood class, which affects the contractor & PMC class willing to work there.An abundance of housing will typically lead to a lowering of the overall class in that area.A shortage of housing will lead to gentrification and improvement of overall class in that area.
Jonathan Gordon How do you do DD on a multi-family syndication?
25 July 2022 | 8 replies
I won't be investing in the riskiest/most supportable asset subclasses such as hotels, and tilt my portfolio the ones that have historically been more stable such as multifamily and single-family housing.
Sammy Abu-hijab How Refinance out of a Hard Money Loan
11 July 2022 | 8 replies
You will have to provide your job history for the past 2 years to your lender, but the length of time is more lenient if you are receiving a salary as a W2 employee (because this is viewed as more stable income).
Abinadab De la Torre I have a house renovated in Detroit Michigan
26 August 2022 | 15 replies
One thing to look at here would be what your tax liability would look like selling and rolling it into another property vs. taking the proceeds of the sale as income & investing it post close.To compare all of your options to one another I would look at the CoC return from renting the property, CoC return of another potential deal (continue to flip houses/or a larger more stable asset), and the return you stand to gain should you throw it into another investment vehicle. 
Meredith Mihm My tenants are too good?!
15 July 2022 | 6 replies
These tenants tend to have a lot of stuff making moving a pain, and they want their kids to have a stable home and school life. 
Emma S Endicott New Investor: How is the Cleveland Market?
16 August 2022 | 11 replies
Although an area might cash flow ok short term, you want to be in the better parts of the city that are more stable.
James McCloskey (New Member) Guidance on where to start
15 July 2022 | 1 reply
You could buy property with owner financing and maybe even find some that won't require much of a downpayment, but those are rare and it's a foolish way to invest.Applying for a loan requires stable income for 2+ years.
Trent Reeve Today's market profit??
15 July 2022 | 8 replies
Stable?
Andrew Michaud 38 Unit Purchase. $105k cash flow. Good deal?
2 August 2022 | 16 replies
  $700 per month rent in some areas can be quiet and stable and a war zone in other areas.