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.
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.
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.
Marc Shin
managing furniture deliveries from a long distance
8 December 2024 | 6 replies
The other option is I purchase furniture from a store local to the property and have them deliver the furniture all on the same day, but if I go that route then I may pay much more than if I ordered online.
John Postma
A couple deals under my belt, but at a stand-still and need a coach/advisor.
13 December 2024 | 32 replies
., 2021 and pulled $150k out to invest with a builder in SW, Florida who has yet to deliver the first of three houses in three years.
Sham Haile
Notice required for a landlord to give to tenants when selling off-market (WHOLESALE)
7 December 2024 | 2 replies
This in turn could turn away buyers/delay possession to a buyer who wants the home delivered vacant.
Natalie Cao
Trying to start real estate investing
9 December 2024 | 3 replies
I would love to start real estate investing, and I am thinking of house-hacking a 2-bedroom condo in Miami as there seems to be a good amount of units delivering in the Brickell area.
Dan H.
Underwriting STR - Looks promising but deeper evaluation shows poor return
15 December 2024 | 13 replies
I do agree $100k revenue on $500k cabin seems should have positive coc, but the size ($7k allocated maint/cap ex which is unscheduled maintenance - annual fire prep has own allocation), delivered propane, expensive utilities, & expensive cleaning take their toll.
Alec Nault
STR Property Partners - Property Management Group
9 December 2024 | 15 replies
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