
17 December 2024 | 14 replies
Spend some time talking to investors, asking for names, talk to a lot of banks.

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.

16 December 2024 | 17 replies
Carlyles, Blackstone, Sam Zell and Apollo to name a few of the big dollar groups.

12 December 2024 | 49 replies
Some even bet against the market and made a fortune.

9 December 2024 | 10 replies
Quote from @Reeves Bennett: My name is Reeves Bennett, and I am a real estate investor and entrepreneur based in Wynne, Arkansas.

11 December 2024 | 13 replies
Quote from @Zachary Sakena: Yes, I would keep the property in your name.

12 December 2024 | 2 replies
Hello Everyone,My name is Alexandre Boustany, and I’m excited to join this vibrant community!

16 December 2024 | 8 replies
Also, if any investors in the area want to chat I'd love to hear about your experience.Second I've read the BP intro doc (forget the name, was recommended in another post) as well as The Book on Rental Property Investing.
7 December 2024 | 4 replies
It seems like investors strongly bet on appreciation here which I dislike.

18 December 2024 | 45 replies
I'd want proof that they were using insured, licensed installers and standard name-brand equipment.On a side note, I saw your post and immediately thought your name was Nathan Detroit: