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9 October 2024 | 11 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.
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10 October 2024 | 14 replies
Size & Dimensions: The room must be at least 70 square feet.
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11 October 2024 | 17 replies
In my 40 years of contracting we always get 1/3 down regardless of the size of the job , change orders are paid at the time of the change . if its not specifically included , its excluded .
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11 October 2024 | 10 replies
At any rate, turns out our framer uses Menard's doors all the time and was able to install those despite the plans calling for custom-sized doors.
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13 October 2024 | 54 replies
You certainly would not want to allocated 10 units equally if number of residents and size were unique IMO.Here's a helpful link for those new to the concept:http://www.multifamilyutility.com/rubs.html
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9 October 2024 | 8 replies
Hi John,For something of this size, the seller might be willing to carry a portion, but odds are your lender wont approve of it.I would look for an equity partner if I were in your boat.
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10 October 2024 | 28 replies
It seems like the condo you linked is almost geared towards short term rentals, so you should be in the clear on this specific situation. 2) I would take a look at some STR data either via a dynamic pricing software (pricelabs, wheelhouse, etc.) or take a look at Airdna to take a look to see what is the “sweet spot” is in terms of size of rentals in your market.
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11 October 2024 | 7 replies
Given their size, I’m sure the broker of record has little oversight over the staff.
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11 October 2024 | 14 replies
If you are house hacking, think about number of bathrooms, size of bedrooms and layout of the kitchen (can more than two people work in there at once and is there enough storage)?
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10 October 2024 | 2 replies
In states that define dual agency ad the broker being the dual agent (not the actual agent) it's going to happen constantly at the medium and larger size firms.