Brody Veilleux
“BRRRR” a primary residence
23 December 2024 | 24 replies
Also be aware that cash out refinances typically have slightly higher rates than initial purchases or just rate and term refinances.
Vaughn J Smith
Single family home (former rental) for sale in slow market
20 December 2024 | 10 replies
Initially after management fees, repairs and PMI i was losing about $250 per month.
Torianne Baley
How to Talk to Sellers/Homeowners #AskBP
14 December 2024 | 6 replies
I've been running into some trouble/challenges when it comes to being comfortable talking to sellers i.e. on initial/introductory/cold calls and sometimes in appointments/meetingswhat are some tips you guys may have on this.any links to relevant/powerful scripts may also be helpful as well (i.e.
Sanjay Bhagat
Real estate syndication Vs S&P 500 index fund
12 December 2024 | 10 replies
With margin trading of 20-25% of initial investment, when stocks market collapses with dollar cost averaging as a strategy , leverage of the initial investment in stocks, the AAR can be more.comparable to most syndication (compared to 20% down payment in real estate).I have been following BP forums for the last 4-5 months and have spent almost 4-500 hours.
Darrell Overly
Is it feasible to house hack mobile homes in Arizona Metro area?
12 December 2024 | 5 replies
Initially, I wanted to do house hacking.
Ian Joyce
Investment Partnership Inquiry
10 December 2024 | 0 replies
I am proposed GP with development / management experience, however my liquidity is tied up in a separate development initiative.
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.
Radhika S.
Newbie & long distance
13 December 2024 | 35 replies
Out of the areas in KY that is not one I would have thought would be on most out of state investors radars.I am still in the initial stages of my research, but Owensboro made into the list while choosing candidates based on cities with diverse economy with significant industries for an LTR.
Kevin Oh
Shopping around for better rates
18 December 2024 | 12 replies
BUT (It hurts to write this)It’s great that you’re taking the initiative to shop around for the best rates—this is a smart move when making such a significant investment.
Phillip Austin
Should I Offer Rent By Room Property Management?
15 December 2024 | 7 replies
If they pass that initial trial period, I offer a 6-12 month renewal.