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27 December 2024 | 21 replies
Thank you in advance.
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23 December 2024 | 9 replies
Thanks in Advance
20 December 2024 | 1 reply
If you know of any online forums or organizations where I can learn from others and expand my network and knowledge on wholesaling or getting my first deal, I’d really appreciate any recommendations Thanks in advance for your help!
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23 December 2024 | 11 replies
If there are any modifications to their current contract, ensure that the lease renewal is shared with them in advance, clearly outlining any potential changes.
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20 December 2024 | 9 replies
I am hesitant to sell because the property is in a GREAT area with high-quality renters, and theres lots of growth in the area… But I am open to any advice you may have.Thank you in advance!
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20 December 2024 | 9 replies
Thanks in advance for your help in answering this question!
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22 December 2024 | 7 replies
Thanks in advance
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23 December 2024 | 12 replies
closing cost are paid out of escrow at the time of closing not in advance other than maybe an appraisl paid to 3p and a small app fee like 50 to 200 bucks like Lending home.. which is real.
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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.