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17 January 2019 | 28 replies
You goal is nuanced in that you want to purchase passive investments first and then move to the drivers seat.
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15 January 2019 | 10 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: HomeStyle program has a maximum 4 draw process.The initial draw can be up to 25% 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: Signed Draw Request by borrower and contractorSigned All Bills Paid Affidavit review and approve the draw request and will release funds for disbursementA check will be issued in the name of the borrower and contractor and delivered to borrower via USPSAn inspection of work to date will be performed at 50% completeFinal Draw Information: Signed Draw RequestFinal inspection/Completion Certificate will be required for release of final fundsA Title Update showing property free from lien or encumbranceGeneral Contractor’s Lien Waiver AffidavitAffidavit of Completion 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.
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28 January 2019 | 20 replies
To understand the grounding conductors, one needs to understand the utility and how power is delivered to the house.
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31 August 2020 | 12 replies
I was disappointed because I had successfully delivered some other business services, but I reflected on the fact that the company (versus me as an individual) he chose was a better fit to dispose of the property according to his specifications.In summary, the company you are with now is providing you a PLATFORM to generate and close business.
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15 January 2019 | 8 replies
Since the property would be in the same town/state as his single-family residence, changing his driver's license/mailing address/legal address wouldn't be a big deal.
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14 January 2019 | 2 replies
You do need to have an "Approved" general contractor, who if they're not already on an approved list would essentially have to go through having their prior work reviewed to make sure they deliver on time and on budget.
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15 January 2019 | 8 replies
You’ll need a legal basis to stop the sale... such as a bankruptcy petition.Honestly though it’s better to just close with cash now and deliver good funds to the trustee before the sale.
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15 January 2019 | 3 replies
I bring on a lot of new owners and I work hard to over-deliver those first few months and earn their trust.
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12 February 2019 | 1 reply
Even in a case where the tenant is on a long-term lease, I'd have the seller do "cash for keys" or something to deliver the property vacant upon closing.
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17 January 2019 | 4 replies
You can find data on this at www.bls.govas well as at www.city-data.com .It may take time to narrow your search, but the 6 drivers above should give you a good place to start.