
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.

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.

12 December 2024 | 5 replies
I never heard back, but all 7 clients apart from the “whale” client re-signed with me.

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.

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?

9 December 2024 | 1 reply
It is in a northern MI Downtown area (opp zone) in a county seat with 2 hospitals, had it re-zoned to mixed use, and is considered blighted which makes it eligible for MEDC funding of up to 50% of project cost.It is 8k sqft (4,000 each level) with the lower level being a walkout (top level is street level with sloped drive down to the rear of the building).

9 December 2024 | 7 replies
I've also had to re-sync calendars between Vrbo, Airbnb and Houfy.

7 December 2024 | 5 replies
It's not as simple as the RE gurus preach on social media.

9 December 2024 | 4 replies
Going down the Tiny home path is more like starting a new business than RE investing in my mind.

8 December 2024 | 1 reply
However, I received some feedback from one of my partners that the play here would be for an investor to subdivide or re plat the land for a multiple tenant situation.