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5 September 2024 | 15 replies
Should I just focus on single family homes initially?
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7 September 2024 | 85 replies
@Richard QueenHappy to answer any questions you have over an initial phone consultation if you would like.Also, here is a link to reviews from 30+ investors who have worked with us over the years:https://www.biggerpockets.com/users/ZacharyCole/referencesLink to another forum discussion with many investors who have worked with us previously:https://www.biggerpockets.com/forums/92/topics/518583-feedback-on-renttoretirement-and-zach-lemaster?
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10 September 2024 | 19 replies
However, any delay that was approved by the enforcement agency before January 1, 2030, shall be valid for the full term of the delay that was approved at the time of the initial approval of the application pursuant to paragraph (3).”https://legiscan.com/CA/text/SB13/id/2056756Good luck
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5 September 2024 | 4 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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6 September 2024 | 5 replies
I'd appreciate your insights on balancing the trade-offs between initial capital outlay, monthly cash flow, and potential returns.Thank you for your expertise,Ricardo
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5 September 2024 | 0 replies
Achieved a rental rate stronger than i initially anticipated, and it was rented 3 days after being listed.
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5 September 2024 | 2 replies
(Say on the initial purchase if someone is buying right now).3) I can lock in a guaranteed better rate now and enjoy the lower monthly payments now, and only pay maybe 1 or 1.5 points instead of 2-2.5 points later when I have to hope that rates come down again.4) This also saves a lot of time which is an important consideration as some refinances can take 30 days and a lot of paperwork gathering and headache etc.Again, my thoughts on this largely revolve around risk aversion.
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5 September 2024 | 0 replies
Achieved a rental rate stronger than i initially anticipated, and it was rented 3 days after being listed.
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10 September 2024 | 43 replies
We have an initiative here that provides free attorneys to tenants to defend evictions.
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6 September 2024 | 13 replies
They completely forgot to report the burst pipes until several weeks after the incidental, and along the way they haven’t been very helpful, forgetting to email me back, not taking the initiative, etc.Not really sure if anything can be done—just looking to avoid the same chaos in the future.