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Results (10,000+)
Reeves Bennett How to Scale Multiple BRRRR Deals in a Year
17 December 2024 | 14 replies
Spend some time talking to investors, asking for names, talk to a lot of banks.
Felicia Richardson Fannie Mae HomeStyle
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.
Carl Rowles Is it worth it? Mobile Homes?
16 December 2024 | 17 replies
Carlyles, Blackstone, Sam Zell and Apollo to name a few of the big dollar groups. 
Vivian Huang Investing in Tulum, Mexico
12 December 2024 | 49 replies
Some even bet against the market and made a fortune.
Reeves Bennett Hello, BiggerPockets Community!
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.
Zachary Sakena How to structure first rental in NJ: Should I use an LLC? Land Trust?
11 December 2024 | 13 replies
Quote from @Zachary Sakena: Yes, I would keep the property in your name.
Alexandre Boustany Digitizing a Small Real Estate Business
12 December 2024 | 2 replies
Hello Everyone,My name is Alexandre Boustany, and I’m excited to join this vibrant community!
Bob Avery New Twin Cities Investor Looking for Advice Getting Started
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.
Connor McGinnis Longer loan term with better cash flow or shorter loan term?
7 December 2024 | 4 replies
It seems like investors strongly bet on appreciation here which I dislike.
Nathan Frost Update - Detroit Deal
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: