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14 December 2024 | 101 replies
Last I heard from a friend of a Guru, greater than 95% of those pay $40K plus for these plans, never even open the materials.
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11 December 2024 | 37 replies
Same deal on communication: extraction driven, exhausting.
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13 December 2024 | 13 replies
“I do not agree that appreciation is a function of chance.Appreciation is driven by the imbalance of demand and supply.
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9 December 2024 | 15 replies
During this time, we aimed to provide comprehensive support, including design, setup, and data-driven projections.
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7 December 2024 | 12 replies
Milwaukee has a lot of old neighborhoods, so any form of rehab-driven strategy has plenty of opportunity.
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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.
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12 December 2024 | 18 replies
Keep in mind this is sponsor-provided material, not something that the site discovered through research, nor verified.
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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....
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10 December 2024 | 7 replies
Does it have material defects such as a roof, foundation, heating system issue etc?
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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.