Marcus Auerbach
What does the new EPA initiative mean for landlords with lead water pipes?
15 December 2024 | 10 replies
Code Enforcement in my market has just recently started, as part of their tenant turnover inspections, to document the material composing the water inlet pipes where they enter into the basement.
Kenny Smith
TAX SEASON is right around the corner....
9 December 2024 | 2 replies
Quick tips…✅ Everyday Homeowners - track all home improvements as you could qualify for energy efficiency home improvement credit - new exterior windows, new central A/C, new hot water heater, new insulation material.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
In one of the posts some of their marketing materials (not sure how old it is) had him listed as CFO but also noted he worked as a fractional CFO.
Lauren Brown
Need advice on selling my property
10 December 2024 | 7 replies
Does it have material defects such as a roof, foundation, heating system issue etc?
Tom Pappas
Shipping Container Homes
8 December 2024 | 0 replies
Offering custom container home builds featuring:Fully customizable designsSustainable materials and methods8 -week construction timelineSpecial multi unit pricingEnergy-efficient systemsLooking to connect with:Investors interested in container housingProperty developers exploring shipping container housing optionsAnyone curious about container home construction
Sanjay Bhagat
Track record of Syndicate
12 December 2024 | 18 replies
Keep in mind this is sponsor-provided material, not something that the site discovered through research, nor verified.
Scott Zeiger
Appliances
17 December 2024 | 29 replies
I to am a big CL user for everything: appliance, patio doors, building materials, etc Thanks All
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.
Silas Melson
Estimating Rehab Costs
14 December 2024 | 15 replies
Rehab costs and are key parts of evaluating deals, so it's great that you're diving into these concepts early.For rehab costs, creating a rough estimate starts with understanding the scope of work and local pricing for materials and labor.
Anna Thanopoulou
Material participation - proof to collect
26 November 2024 | 3 replies
1.Activities That CountTo meet the material participation criteria, you must log your hours in a detailed and ongoing logbook throughout the year.