Michael Plaks
RANT: Preparing/Planning/Guessing for the 2nd Trump Tax Plan
19 December 2024 | 13 replies
Best to err cautiously and not really anticipate changes until they are material.
Christopher Warren
Multifamily Mindset $40k ????
10 December 2024 | 26 replies
Quote from @Evan Polaski: @Jay Hinrichs, while I wasn't going to call them MLM, I did attend an Armando Montelongo (A&E's Flip this House from mid 2000's) seminar at a hotel conference room in 2007 or 08, which was the free funnel to spend $1,500 for a three day seminar or $25,000 for an in-person mentorship.I have seen similar promoted with Christina and Tarrek from Flip or Flop more recently.I didn't start realizing how profitable education can be until the last 5 or so years.
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.
Alex Silang
Mass deportations: will it affect rental markets?
30 January 2025 | 62 replies
It's uncertain what will happen with deportations but it is certain that the border will be materially closed down.
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
Jay Check
Boots on the ground program Brian Grimes
5 December 2024 | 5 replies
@Jay Check Are you a real account or is this just another promotion for a lying guru?
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?
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.
Tim W.
Fire Damage Discovered During Inspection
7 December 2024 | 2 replies
The Seller is required to disclose any material defects and a fire would definitely fall into that category.