Brett Riemensnider
Claiming Expenses on SMF During Tax Season
11 December 2024 | 6 replies
Placed in service date is when units were available to be rented.
Austin Tess
New property questions!
7 December 2024 | 7 replies
Hi @Austin Tess One possible idea is moving up the closing date to the end of November.
Fareen E.
Available Now vs Actual Available Date
25 November 2024 | 6 replies
.: The available/start date is the day the unit is ready for a tenant to occupy.
Bob Avery
New Twin Cities Investor Looking for Advice Getting Started
16 December 2024 | 7 replies
He has a forms subscription that will keep your forms up to date and he is very well versed in Real Estate.
Anthony Jackson
Norada Capital Management Promissory note investment
8 December 2024 | 37 replies
I have only had good experiences with Norada to date.
Dallas Hoover
First property looking to house hack
10 December 2024 | 4 replies
Bank as much money as you can between now and purchase date.#4.
Ryan Dunn
Unexpected Rate Increase on BRRRR Loan – Is This Normal?
10 December 2024 | 36 replies
Also, Fixated moved my closing date a few times, but luckily I didn’t have another deal at risk.Does this sound typical?
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.
Orrett Lawrence
Short to Midterm renter issue
6 December 2024 | 4 replies
I am search for an eviction lawyer but base on the court date and I am having a hard time finding an lawyer.
Marcus Welson
1031 deadline confirmation by QI/CPA & 1031 CPA recommendations
4 December 2024 | 2 replies
We always leave those extensions and dates up to a client's CPA.