Net 20 cap was/is just a salesmen hawking these houses nothing wrong with that .. but he finally got called out . 

If there are any books, podcasts, or other resources that you’ve found invaluable, I’d love to hear your recommendations.And finally, if you could go back to when you were buying your first property, what’s the one piece of advice you wish someone had given you?

Essentially, you have to spend your own money and complete work on the property prior to reimbursing yourself out of the escrowed rehab budget.The draw process typically takes 5-7 days from initial request, to scheduling an inspection, and finally for the lender to wire those funds to you after your work is confirmed by the inspector.

Recently, I was debating whether to lock in the mortgage rate for a single-family home we're purchasing in December, especially with rates spiking recently, or wait until after the next Fed meeting and election to be finalized.

🧐Finally under contract on your dream home, yes!

And I feel your pain.On my FLA builds my GC was very well known to me and trusted if I did not have him I would have been were you are at stalled.. but for me I just paid cash for the lots and gave no deposit to the GC ( again long standing relationship) so when he finally was ready we just funded draws on completed work .

He threatened me if I'm not paying him he gonna put lien on my property, I've never encounter these thing in my whole life...He seems very cold blood and likes to take his client to court or put lien on the property, looks like he had done these stuff many times in his career...I just don't suggest you to work with him for the below reasons:1.He is never willing to communicate about the project progress and he just notify you that you have to pay for next-phase otherwise he will STOP the work and take all the stuff out2.He will never take responsibility on warranty or the stuff he had done, if you ask, that is all your fault, and you have to pay your own bills3.Finally if nothing of these lightly threaten works, he will say: "I will give you 3 days, if you don't pay me, I will put lien on your property, I will take you to the court"I never done business into this situation in my whole life, but it looks like that's how Robert Mincey makes money and if you work with him, you will probably end up like me with tons of sleepless nights...If there are any chance, in the future I will post my whole experience while working with him.Hope this helps!

And finally, while there are likely some pro accounts that will only give you discounts if you are licensed, most will let anyone sign up, and are often based on volume spent at that store anyways.

In my research I've found that there are a handful of developers who are spending big money to renovate and rehab the downtown area and that the Scranton School Board is under new leadership, allowing the district to finally exit from its "financial recovery" phase.

Finally, I highly recommend increasing your underwriting rehab estimate number by 15-20% as most renovations tend to go over budget.