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29 December 2024 | 7 replies
Through your local bank that you are using, are you reapplying for each new home for a seperate construction loan or are you setup as a credit line with them and just submit a new budget for each new home 7 mil credit line ... new budget for each plan that has been pre appraised in the MAI at the beginning of the project.. they did have to update the Mai last summer but again did it at their cost not mine.. banks have to paper their files.. even though we are selling the same floor plans for 100k more per plan than the original numbers came it at and bank has been paid and has all the closing statements showing this data..
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5 February 2025 | 38 replies
They stopped making the monthly interest payment ever since June 2024 and are being investigated on charges of Ponzi Scam and are not releasing investors original deposit.
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20 January 2025 | 242 replies
My coordinator (who is now a new person since my original coordinator left) has said that the rent payment has not gone out to me due to an accounting audit.
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26 December 2024 | 7 replies
However, as I mentioned in my original post, my immediate goal is to move out of our current townhouse into a larger single-family home that better suits my family’s needs (we have a baby and a big dog).
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25 December 2024 | 4 replies
Also, securing financing is no different than site built unless you're dealing with someone that has no experience originating loans.
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27 December 2024 | 15 replies
Credit Report or Verification of Credit History in their country of origin 3.
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10 January 2025 | 22 replies
He copies trends, isn't an original thinker.
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23 December 2024 | 3 replies
I’ve got some buildings with great interest rates that just won’t cash flow with less than my original 20% equity.
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26 December 2024 | 9 replies
And the ones that were originally built have been renovated to become a SFH.
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5 January 2025 | 12 replies
Getting back to the original post, what would be a strategy you'd explore given his circumstances?