My experience was excellent both projects were completed successfully, on time, and delivered solid returns.

Be consistent with payments and work with vendors that report to bureaus.Personal Guarantees: Many lenders require a personal guarantee until your business has a solid track record.

I am long but I also do fix and flips actively and consistently.

If their process is just, ‘here’s the house, now it’s your problem,’ then they’re clearly not delivering what they advertise.

I too am confused by the “It won’t look consistent to the tenant or to the accountant.”

Thank you.From what I've learned so far (aside from posting etiquette) I realize I need to have a clear plan, which so far consists of:- My Goal: to have $10k/months of income to replace my day job.

However, I am running into a consistent issue - currently I am using REIPro's built-in skip tracing software, but it seems a decent amount of the numbers this program pulls are disconnected or are not the right person (I.E.

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.

While this amount of evictions seems higher than normal, even for a rough area, in general low end areas = fewer qualified tenants = more tenant fraud and more consistent evictions.

This issue alone kills many HUD dealsYour agent must fill out the request form and deliver it to the FSM with the required $$$ to de-winterize.