Marc Shin
how long to complete the BRRRR process?
12 December 2024 | 6 replies
So consider how long the lease-up will take:Is there so much rental demand that you can show it during the late stages of reno and get a lease signed?
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.
Carolina S.
Capital gains tax vs. 1031 exchange
21 December 2024 | 7 replies
I've done quite a few 1031's and each time I had my three targets already picked which means they were less than two weeks from being signed when I closed on my downleg.
Jacob Hafer
Offering Streaming Services
10 December 2024 | 8 replies
They sign into their own accounts, and the TV automatically signs them out of all accounts on their check-out day.
NA Hirsch
Soft Pull Credit Report
13 December 2024 | 3 replies
I need something simple that I could utilize today.Thanks You need to get signed up with a credit company.
Alex Silang
Mass deportations: will it affect rental markets?
30 January 2025 | 62 replies
Oh , she drives a 2022 suburban which the baby daddy co signed on ( $47,000 ) THIS IS WHATS WRONG WITH OUR SYSTEM
Michael Mullins
Has anyone used BeyondBNB
11 December 2024 | 34 replies
@Michael Mullins @Dorcas Wood, did either of you end up signing up with BeyondBnB?
Mike Miller
Any Cloud Brokerages that Do Not Require You to Join a MLS?
14 December 2024 | 36 replies
Also, having the ability to write offers, e-sign them and put together offer packages with all the forms you need....isn't that a value?
Devin James
To those who consider themselves very wealthy, is wealth worth what is takes?
22 January 2025 | 56 replies
So marriage to someone that initially talked good game is not a surefire sign of long lasting happiness.
Andy S.
Security Deposit Account in NJ - Do I include account number in lease
9 December 2024 | 2 replies
Once the lease is signed, I go to the bank and open a new security deposit account, and then the bank provides account number, which I then manually enter in the lease and have the tenant sign the lease again.Any guidance on avoiding the hassel of having to sing the lease twice lease?