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1 January 2025 | 13 replies
Quote from @Matthew Beninate: Quote from @Sarita Scherpereel: Quote from @Seo Hui Han: You may want to consider local banks / credit unions just because many of them will require or give you more favorable terms for things like HELOC's and other line of credit products if you have a deposit account with them.
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2 February 2025 | 9 replies
Some PM companies take on higher end stuff (think Cul-De-Sac neighborhoods) and some focus on the hood.
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22 January 2025 | 12 replies
Also note that my company will possibly either cover closing costs if we sell or provide property management for two years if we rent.
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23 January 2025 | 7 replies
You can put a mortgage into a "trust: without triggering a due on sale but again contacting your bank/lender is the best route to avoid any issues.Some banks/lenders or servicing companies change guidelines and even a trust may require other paperwork but the attorney usually facilitates that to be safe.
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10 February 2025 | 16 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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26 January 2025 | 2 replies
Water, power (no gas) are billed directly from the utilities company.
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23 January 2025 | 39 replies
I would say they are a good company to go with.
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13 February 2025 | 95 replies
Well, once the title company/closing attorney puts together the final numbers for closing, they are being told that anything older than 7 years is forgiven.
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12 February 2025 | 15 replies
The average person would be shocked but even our enemies like Iran and Russia are still buying our assets through shell companies.
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18 January 2025 | 7 replies
Quote from @Gamal Harding: Anduril Industries' Expansion to Columbus: A Transformative Move for Real Estate InvestorsAnduril Industries, a prominent defense technology company based in Costa Mesa, California, has announced plans to establish a new manufacturing facility in Pickaway County, near Rickenbacker International Airport.