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 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% completeChange Orders and Cost Overruns: Changes to the initial plan are not permitted unless prior approval.

The only way to verify insurances for contractors is by getting a Certificate Of Insurance (Accord firm), Directly from the insurance agent, Not a copy provided by the Contractor.

View report*This link comes directly from our calculators, based on information input by the member who posted.

I’m not sure the direction I should take here.Thanks for the help everyone

So the question is, how can I creatively structure the $10,000 Seller credit so that it directly offsets my costs to perform the repair work after closing?

Hello in February I’m PCSing to Carson and would like to know if anyone is overthere to help guid me in the right direction and let me shadow them for a while.

If you need any recommendations on software, please feel free to reach out to me directly through personal message! 

Brandon Turner's book on managing would help you with whatever direction you go in. 

I am still working on understanding how to navigate this site but if you prefer you can direct message me and we can exchange contact information.

It will take months of networking, meeting people at your local REIA, sending out a direct mail campaign, etc.I dont know how you can do it from SE Asia.