Mike Sfera
New to REI; looking to learn and connect
13 December 2024 | 9 replies
While this approach often delivers the highest returns, it does require a significant investment of time and effort.If your time is limited, consider turnkey providers.
Julie Muse
Raymond St Revamp: Partnering for Big Results in Richland!
9 December 2024 | 0 replies
Sold on 11/22/2024 for $110,000, this project highlights our strategic approach to revitalizing homes and delivering exceptional returns for our partners.
Christopher Morris
Is Relying on Cash Flow Feasible?
21 January 2025 | 59 replies
And up-front costs to deliver quality are not cheap.
Natalie Stanley
East Texas Investors
11 December 2024 | 8 replies
Our focus is on delivering 20 top-tier leads each week, so you can spend less time on lead generation and more time closing deals.If you’re interested in streamlining your lead flow and enhancing your success in the Texas market, I’d love to discuss how we can work together.Looking forward to your thoughts!
Jennifer Fernéz
Buying a property with bad tenants
10 December 2024 | 8 replies
Right, but how do I deliver the news that their lease will not be renewed?
Victor Tofilski
Why is my unit still vacant?
31 December 2024 | 49 replies
FB marketplace can deliver tenants as well.
Dan H.
Poll: porch pirate or strange coincidence
6 December 2024 | 4 replies
My front is similar with packages delivered most days and being very confident if delivered to the front door that they are very secure.
Stuart Bartle
Ready to invest in first property rental
18 December 2024 | 24 replies
Unlike Vegas, where tourism can be hit-or-miss depending on conventions or events, Florida’s Panhandle delivers steady demand every season.
Reeves Bennett
How to Scale Multiple BRRRR Deals in a Year
17 December 2024 | 14 replies
Maybe a property or two they'll do the whole comp analysis with the contracting bid and deliver it, but if you pass twice do not expect them to answer much anymore.I use wholesalers for 85% of the deals I source.
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.