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11 December 2024 | 6 replies
On the house hack, you can divide common expenses by square footage or bedrooms, whichever is more advantageous.
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10 December 2024 | 36 replies
And some of these left HML in a tight spot borrowers could not access their draw money.. this happened just recently to Fund that Flip.. and their borrowers I know i got a call from one of them that was owed 300k in draws that was not coming.I can understand that rates aren't what they are when you close as when you get quoted, but if you offer a "rate lock" and use that term, you need to stick to it even if you aren't required by law to do so.
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10 December 2024 | 2 replies
If you are borrowing for renovations, you will likely have a draw fee in the $100-300 range per draw.Selling costs: biggest one is commissions.
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9 December 2024 | 24 replies
Hard Money typically funds 90% of the purchase price and 100% of the rehab on a draw schedule.
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9 December 2024 | 4 replies
Just curious if you mean that the tiny home itself is the draw, or the area in which the tiny home is located is the draw.
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9 December 2024 | 8 replies
Just crunch the numbers and ensure the terms work for your deal.Hard money typically funds up to 90% of the purchase price and 100% of the rehab costs on a draw schedule.
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12 December 2024 | 10 replies
A festival that draws 250k people is pretty big time - are you sure about your numbers?
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11 December 2024 | 101 replies
Divide the number of visitors who disappeared or were shot over the last twelve months by the number of actual visitors.
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8 December 2024 | 1 reply
By way of example, a lender may charge retainage, only release soft costs upon C/O, may limit loans to a set number of draws or only allow draws once a certain dollar amount of work has been completed.
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9 December 2024 | 2 replies
How would some of you guys go about drawing up a contract between us and the family member.