I think the first question is do you want to be an active investor or a passive investor? 

I know more about Phoenix living locally but I hear good things about NC especially from east coast investors.

So, we obtain a full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc. to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyWe also obtain data from national databases about evictions, convictions, and sex-offender histories.

At first I looked at this as possibly just a failed investment where millions of unaccredited investors lost money (still very bad for everyone involved), but after learning about the involvement of Ronald Fossum that has a convicted history of defrauding investors and the fact that Norada is still raising money from investors, my mind now goes immediately to possible Ponzi Scheme paying past investors current funds being raised.

Most S8 tenants have a history of bad decisions, often having convictions, evictions, bankruptcies, chargeoffs, collections, garnishments, etc.

In digging into the details through public record searches I find out that he has had 3 evictions, several drug convictions, and a violent crime.

There are about 65,000 investigations into this type of mortgage fraud per year, resulting in about 5,000 convictions with the average prison sentence being 18 months.

I’m a real estate investor looking to purchase his first multi family rental property in the city of Columbus, Ohio!

We have several vendor business members in the title space that are very investor friendly.

We typically see FICO scores in the 560-620 range for Class C, below 560 for Class D.Recommend only looking at convictions & evictions in the last 2-3 years, ignore older ones.Focus on the last 2 years of employment via YTD paystub and 2024 & 2023 W-2's.