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2 December 2023 | 21 replies
You must know how to manage the people, resources, schedule, costs, analysis, milestones, budget etc.
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23 January 2023 | 21 replies
Awesome milestone Russell.
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20 November 2023 | 32 replies
I’ve met one of the financial milestones I set for myself and am gaining on the second.
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31 May 2023 | 6 replies
How is it not discriminatory against non HAP prospects, when we are required to wait far beyond our "normal" time frames for these important milestones?
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8 June 2023 | 7 replies
That is why having a solid project manager when you are doing a long distance project is critical as well as a contract that has specific milestones defined, draw amounts laid out and penalty / incentive clauses that all parties can agree upon before the first boot hits the property.Hopefully your PM has given you a detailed summary of where things are, what the timeline to complete the remaining items is and what the delays were that impacted the 5/15 target completion date.
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15 January 2020 | 51 replies
We are also approaching a financial milestone goal which I do not know if I get to it faster continuing to work the W2 job or retiring from the W2 job.I place the odds of me retiring this year at over 50%.
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4 June 2023 | 46 replies
We then disburse to the Contractor based on the contract, and most require 25 - 50 % once a schedule is locked in; larger projects may have additional scheduled draws based on completion milestones; and the final 10% is paid after the completed job is reviewed and approved by us and the Owner (if local or flying in).
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4 April 2023 | 16 replies
Here are some pros and cons to using a Home Equity Line of Credit (HELOC) or Bank Construction Loan:HELOC:Pros:- Generally offers lower interest rates than a traditional construction loan- Can be used for a variety of purposes beyond home construction- Interest may be tax-deductibleCons:- Payment terms can be variable and may increase over time- Lender may require a minimum draw or balance, which could tie up funds you may need for other expenses- Generally requires a high credit score and significant home equity to qualifyBank Construction Loan:Pros:- Funds are typically disbursed in installments based on project milestones, which can help keep costs under control- Interest rates may be fixed, which can help with budgeting and planning- Lender may offer a longer repayment period than a HELOCCons:- Interest rates on construction loans are generally higher than those on HELOCs- Lender may require a higher down payment and significant financial documentation- The loan may require a personal guarantee or collateral, such as a lien on the propertyUltimately, the best option for you will depend on your individual financial situation and goals.
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15 June 2023 | 8 replies
I had built up a network of agents, wholesalers, designers, contractors, and lenders.In hindsight, that experience and network was even more valuable than the financial milestones.