Michael Plaks
RANT: Preparing/Planning/Guessing for the 2nd Trump Tax Plan
19 December 2024 | 13 replies
I know the market likes to front run.The trump trade to some is definitive trade on some form of hyperinflation, and a consumer discretionary increase via reduced taxes, yet higher costs.
Kelby Schimming
Seller Financing from a 100-Year-Old Neighbor
9 December 2024 | 2 replies
or when the daughter inherits the property, could she immediately sell it to me via seller finance to avoid capital gains tax?
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.
Michael Mullins
Has anyone used BeyondBNB
11 December 2024 | 34 replies
One of their coaches responded to my inquiry via text but I’ve not been able to re-schedule a consultation.
Gio Kattan
Rehab without Permits, PLEASE assist!
8 December 2024 | 2 replies
Lauderdale, FL• North Palm Beach, FL• Plantation, FL• Pompano Beach, FLThese acquisitions were done creatively, assuming the existing loans via subject-to deals without inspections.
Hector Espinosa
If You Were to Start Investing from Scratch in 2025, What Would You Do Differently?
14 December 2024 | 42 replies
It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.
Steve Baldwin
Who is going after Self Storage in the Midwest?
8 December 2024 | 19 replies
my SS deal is one of my participation deals were I provide the capital to the operator via a debt instrument then take a participation as part of the note agreement.
Sean Relyea
Baselane & ACH Collection Services
3 December 2024 | 26 replies
Hence, I'm making you and my fellow investors aware that this may happen via Baselane.
Rob Pattison
Advise on how to pay my Costa Rica property manager
8 December 2024 | 8 replies
For the past 3 years, I've paid my property manager in Costa Rica via paypal, a minimal cost for me and he gets his money next day.
Lorraine Hadden
Is Selling FSBO Ever A Good Idea?
7 December 2024 | 2 replies
Seller is an investor who sells dozens of properties each year (some of them via fsbo) but ultimately give in and choose to let you list b/c they’re having trouble offloading this particular property OR want to spend their time on something else.