Olivia Armstrong
FHA or any options for property with two homes?
14 January 2025 | 2 replies
We have no debt and good credit scores, do we have any options for making this work?
Will Greenlee
RentRedi Personal Experience - Do not recommend - Noticed BiggerPockets promotion
28 January 2025 | 2 replies
RentRedi needs an option to have the landlord pay this OR just bake it into the monthly cost. 5) RentRedi introduced a feature to allow my tenants to report their rent to the credit bureaus to improve their credit score (cool).
Tiarnan Gormley
Nearly 18 and need advice on REI while i'm away overseas!!!! HELP!!
25 January 2025 | 24 replies
The $ is just how score is kept of how your doing at it.
Dave Bobka
Buying my first investment/rental in 2025!
21 January 2025 | 15 replies
congrats my friendHere is one piece of advice I have for you:As you attempt to find what area to invest in, use this website https://www.areavibes.com/Its a great resource and starting point for what an area might look like and it has something called a "livability score".
Connor Maillie
Hello BP Community!
20 January 2025 | 4 replies
As you go on your real estate journeySomething I would recommend for you is this website. https://www.areavibes.com/Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F
Arshiya Taami
is 95% LTV for a DSCR Loan that is 2.2 possible?
14 January 2025 | 15 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
Franklin Marquette
Hello from LA - Brand New and Eager to Learn
23 January 2025 | 8 replies
Here is one piece of advice When looking at areas to invest in check out this website https://www.areavibes.com/ its pretty cool it gives you a total livability score and rating for that areaBest of luck!
Zachary Young
Where To Buy My First Rental Property
30 January 2025 | 56 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.
Steve K.
Anyone Else Fed Up With Loan Servicing Companies?
8 January 2025 | 33 replies
Do not let this slide, even if the score impact is negligible.
Alec Barnes
How Do You Ensure Quality Tenants?
9 January 2025 | 12 replies
We add up the scores and get a total score that reflects the level of risk the applicant presents.