9 December 2024 | 1 reply
And if you still are hesitant to get started, and think this mentorship could help, I would have a list of very specific questions ready:If you issue is finding good deals (welcome to RE today), ask what Tom will actually do to get you more deals?
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10 December 2024 | 25 replies
I realize the RE world is vast and full of scams, jargoned underwriting, salespeople, and crooks.
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10 December 2024 | 36 replies
if we did not have those lenders RE would be pretty much dead ..
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10 December 2024 | 14 replies
Do you invest in RE for a 7% return?
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9 December 2024 | 8 replies
One my friends just got done dealing with Greenfield and a multiple lot re-zoning and permits for new builds.
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20 December 2024 | 27 replies
When re-scheduling the person at the permit office stated they will never call even if it is written requesting a call.
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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.
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12 December 2024 | 5 replies
I never heard back, but all 7 clients apart from the “whale” client re-signed with me.
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11 December 2024 | 34 replies
One of their coaches responded to my inquiry via text but I’ve not been able to re-schedule a consultation.
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8 December 2024 | 4 replies
I am a newbie re investor and I was wondering what all experienced investors use to manage their own rentals?