Nathan Frost
Update - Detroit Deal
18 December 2024 | 45 replies
A low price is no guarantee of profits.
Justin Wren
Renatus?
8 December 2024 | 21 replies
For example, promises of guaranteed funding for deals were not upheld in my case.3.
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.
John Williams
short term rental or longterm for more cash?
16 December 2024 | 14 replies
I guarantee I would spend more time if I lived there and it was an ADU.
Alec Nault
STR Property Partners - Property Management Group
9 December 2024 | 15 replies
They claim they guarantee I will be paid what I am asking for in long-term rent regardless of how my property would do as a short-term rental under their management.
Frank Harris
Does anybody have a New Build with Blacktip Construction Group in Cape Coral Florida?
27 December 2024 | 93 replies
In addition, a motion for default was filed against an outstanding mortgage for another $ 367k which was personally guaranteed as well.Keep watching the Kiyo v BTC and Dream CQ Holdings V BTC cases as both of these have a potential basis for piercing the corporate veil.
Michael Plaks
EXPLAINED: can I apply "STR loophole" strategy in December?
11 December 2024 | 15 replies
. - Is it guaranteed?
Laura Morlock
Very Cool Property - What To Do With It?!
7 December 2024 | 7 replies
You’d need all those zero and $7,250/mo just to earn a 4% return on that $275k when you could earn more guaranteed in the bank.
Devin James
Why Land Entitlement is one of the Riskiest Forms of Investing - But Also Highest ROI
9 December 2024 | 9 replies
Land Entitlement is one of the riskiest Real Estate investments for several reasons:1) High Upfront Costs with No Guarantees: We spend tens of thousands of dollars on due diligence to ensure the property is suitable for development.
Craig Sparling
Chicago vs the world: Forgone opportunities?
13 December 2024 | 18 replies
Tough to stay disciplined as "Past performance is no guarantee of future results".