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Results (10,000+)
Michael Plaks RANT: Preparing/Planning/Guessing for the 2nd Trump Tax Plan
19 December 2024 | 13 replies
Obviously, this is just my own analysis but the new administration anticipation is the flavor of the year.I'm still yet to be fully sold that we're healthy as a country and that 100% of what we're being told will happen-- I'm betting less than 50%.
Monica Juarez-Gonzales Cost Segregation Study and s401K
12 December 2024 | 6 replies
While it's not nearly as good as talking to Michael himself, reviewing those resources will make you a vary savvy and informed consumer of Cost Seg services.
Gary Bonds Funding From A Bank
11 December 2024 | 7 replies
@Gary Bonds the only way you'll bet a business loan as a newbie, is by cosigning for your business.You'd be better off getting a business credit card you personally cosign for to start establishing business credit.
Wiley Underwood Cost-Segregation Study Recommendation?
10 December 2024 | 11 replies
The preliminary analysis can have lots of data, so it's important that the provider thoroughly review it with you to explain what depreciation tax deductions Cost Seg study provides and what depreciation benefit you would get w/o Cost Seg.
Blake R. Thinking of Starting in Multi Family instead of Land. Need Recommendations
18 December 2024 | 13 replies
As you narrow down your REI type, try to do the broad review approach to see if you have the resources to do that type or scale.  
Ryan Williams Pay off Primary or Buy Rentals?
18 December 2024 | 23 replies
I bet it would hardly move the needle.
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.
Rick Dane Short term rental in Jacksonville urban core (or other similar budget areas)
12 December 2024 | 7 replies
thanks everyone for the replies, just getting back to this thread I will review in more detail.
Michael Mullins Has anyone used BeyondBNB
11 December 2024 | 34 replies
TBH this seems like a valuable product and the google reviews and FB page is telling of this however the price point is quite steep at almost 10k this product has to work!!!!
Kevin Zmick Having Trouble Renting Unit in First Property
19 December 2024 | 22 replies
So your best bet is to put yourself in their shoes and shop around just like they would be.Also, some markets are definitely seasonal, and your market rent could change drastically from winter to spring/summer.