Mark Forest
Syndication capital calls
14 January 2025 | 37 replies
If the property sold today, after 1% cost of sale there's only $2.5 million in cash coming from that sale and that's assuming that there's no exit fee on the loan and no outstanding payables.
Travis Boyd
How effective can MTR be with small multifamily properties?
7 January 2025 | 16 replies
Some towns require a nightly online form to be filled out for any non-residents who are parking their cars (this is easily automated from an operational standpoint).As the MTR market becomes saturated over time, those who have separated themselves from the rest of the "competition" will continue to perform well by having an outstanding listing and all the MTR-specific amenities.
Blake R.
Thinking of Starting in Multi Family instead of Land. Need Recommendations
18 December 2024 | 13 replies
It took less than 5 minutes to enter this data into the BP Rental Calculator and see that the potential was outstanding.
Kyle Carter
I want to buy houses and place section 8 tenants into them, where to start?
7 December 2024 | 17 replies
Specifically, I'm trying to understand where the most outstanding vouchers are being distributed so I can target the right areas.
Michael Plaks
EXPLAINED: How to find a CPA focused on real estate
9 January 2025 | 20 replies
It is entirely possible that every single professional in this directory is outstanding.
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.
David To
California call for class action lawsuit on Eviction Moratorium
14 January 2025 | 329 replies
There are more policies/regulations than I desire, but I consider it to be what is necessary to achieve the outstanding returns.
Ram Gonzales
Creating a debt fund for owner finance strategy
14 January 2025 | 27 replies
IME (in my experience), you would charge a fee (say 50-100 basis points) to the banks/investors, often times based on the either the commitments or the outstanding balance of the fund.
Rene Hosman
Have you ever offered rent concessions to entice potential renters?
13 December 2024 | 17 replies
If it were an outstanding applicant and I was trying to get there business i may try to entice them, but generally I'm going to offer things like discounts on rent if they wanna sign for more than a year.