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13 December 2024 | 5 replies
Im open to conventional financing or seller financing.To find properties, you can network with local agents and brokers, join local real estate investment groups, use online platforms like Zillow, Realtor.com, and Redfin, send direct mail campaigns, drive for dollars, network with property managers, and explore seller financing.Good luck!
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19 December 2024 | 22 replies
Take a close look at what other similar units look like on Zillow or other online listing sites and try and mimic them or exceed them.
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9 December 2024 | 11 replies
Then as a newbie, you might want to undercut the cometition for a while so you can build some reviews.....
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12 December 2024 | 7 replies
thanks everyone for the replies, just getting back to this thread I will review in more detail.
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12 December 2024 | 5 replies
My suggestion would be to select someone with the most forum posts or most reviews.
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9 December 2024 | 2 replies
Probably too small of a sample set here on BP, ask your lawyer or CPA to review
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11 December 2024 | 8 replies
Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule:The HomeStyle program has a maximum 4 draw process.The initial draw can be up to 50% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information:Ø Signed Draw Request by borrower and contractorØ Signed All Bills Paid AffidavitØ GMG review and approve the draw request and will release funds for disbursementØ A check will be issued in the name of the borrower and contractor and delivered to borrower via USPSØ An inspection of work to date will be performed at 50% completeFinal Draw Information:Ø Signed Draw RequestØ Final inspection/Completion Certificate will be required for release of final fundsØ A Title Update showing property free from lien or encumbranceØ General Contractor’s Lien Waiver AffidavitØ Affidavit of Completion GR will review and approve the draw request and will release a check in the name of the borrower and contractor.Change Orders and Cost Overruns:Changes to the initial plan are not permitted unless prior approval by Guaranteed Rate.
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14 December 2024 | 36 replies
Luckily I was in a buyer's market at the time, but about 75% of agents did not even respond to me and I could not set up appointments online because I was not a MLS member.
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14 December 2024 | 22 replies
Here are some articles to review in the meantime:1. https://www.padsplit.com/host-resources/news/how-affordable-...2. https://www.padsplit.com/host-resources/news/why-padsplit-is...
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13 December 2024 | 5 replies
We use DealCheck to underwrite deals and QuickBooks Online for everything related to accounting and numbers.Classes allow for separate P&Ls for each property.