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Results (10,000+)
Heidi Fischer STR Loophole possible buying in Dec 2024?
10 December 2024 | 25 replies
For the material participation test, the easiest way to get it is Via the 100 hours and worked more than anyone else.
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.
Brittany Farrell Business Partner Dispute (demanding $125k)
12 December 2024 | 5 replies
Upon requesting this information at the end of October via email, my business partner responded that “as previously discussed” this client was more of a client of her own separate cleaning company and not our shared client.
Michael Mullins Has anyone used BeyondBNB
11 December 2024 | 34 replies
One of their coaches responded to my inquiry via text but I’ve not been able to re-schedule a consultation.
Gary Andres New Member - Commercial DT Rehab- Northern MI
9 December 2024 | 1 reply
Keeping with the 4 plex scenario, State funding via MEDC pitching in 50% of that 1M  (500k) once the Certificate of occupancy is received.
Jamie Parker Whats more important: $100,000 or 10,000 calls?
15 December 2024 | 9 replies
Offer accepted, "My I have an email to send you a purchase and sale agreement via Adobe Sign" Offer rejected, put in the follow up bin.
Penny Peng Preferred equity or common equity in a syndication
13 December 2024 | 10 replies
There is a potential scenario where an outside rescue fund (marketed as preferred equity to new investors) could come into play in many of the projects that appear to be performing especially if they have been paying the pref (via a reserve account stockpiled by over raising funds in the beginning).
Kelby Schimming Seller Financing from a 100-Year-Old Neighbor
9 December 2024 | 2 replies
or when the daughter inherits the property, could she immediately sell it to me via seller finance to avoid capital gains tax?
Orrett Lawrence Short to Midterm renter issue
6 December 2024 | 4 replies
I sent the summon via certified mail but the tenant has not pick up the mail.
Justin Lee W9 to 1099 for independent contracts
7 December 2024 | 7 replies
You also don't need to send them if you paid with credit cards or via intermediaries like PayPal Business.