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5 December 2024 | 11 replies
House Canary (Tailored for Real Estate professionals, investors and lenders needing property assessments and market forecasts) 4.
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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.
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8 December 2024 | 14 replies
These properties can often be acquired through creative financing methods like:Seller Financing: Negotiate flexible terms with motivated sellers who want to avoid traditional bank processes.Lease Options/Subject-To Financing: Take over a seller’s mortgage without assuming full responsibility, especially for properties needing renovation.Creative Terms: Adjust terms to fit market conditions, like offering lower down payments or longer payoff periods.Staying connected with investors and tailoring deals to current conditions can help you secure opportunities even in challenging markets.
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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.
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5 December 2024 | 3 replies
The tailored terms are especially useful for unique real estate strategies like BRRRR or fix-and-flips.
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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.
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5 December 2024 | 12 replies
Costs can be on the lower end if you use more standardized templates, while custom documents tailored to specific deals tend to fall on the higher end.Location can also play a role, with attorneys in larger cities often charging more.
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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.
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7 December 2024 | 2 replies
This in turn could turn away buyers/delay possession to a buyer who wants the home delivered vacant.
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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.