Jonathan Orr
How does a construction draw work?
4 May 2016 | 3 replies
Some lenders will divvy up the budget and tell you when you can request a draw, and some lenders will provide a draw schedule that says when they'll pay for what (i.e. foundation draw is paid up-front, then draw #2 is paid after dry-in, draw #3 after mechanical roughs, etc.).Good lenders will negotiate the draw schedule with you - they realize not everybody has enough funds in their account to buy the property and do a bunch of rehab work without getting a draw first.
Account Closed
Which loan to get for newbie who want to flip
16 March 2017 | 33 replies
I have done 6 credit cards and an auto loan at one time, lol, they all went through.Hope that helps!
Keni Etienne
I'm a new member from Delaware County, PA
7 May 2016 | 13 replies
I graduated in May 2015 with a BS in mechanical engineering.
Ron Daugherty
Searching Liens (IRS and Mechanic) Liens in Oklahoma County
9 May 2016 | 1 reply
I've been using the Leonard Sullivan-Oklahoma County Assessor Public Access System to check for IRS or Mechanic liens on Auction Properties I'm interested in.Is that the correct place for Oklahoma County?
Derek Brandi
New member seeking advice
6 May 2016 | 1 reply
I have already stopped my auto deposits to my IRA and cashed it out to help me with my next real estate endeavor.Second I listen to the audible book "Weekend Millionaire" by Roger Dawson and Mike Summey.
Eric Martinez
How Can I Convince Lenders To Lend Me Money Without Credit
11 May 2016 | 13 replies
If you have an auto loan sell your vehicle, buy a late 80's early 90's honda/toyota and buy a $10 haynes manual to avoid mechanic costs.
Jeremy I.
Contract Help
7 May 2016 | 0 replies
An immediate lesson learned is I didn't establish a contract with a change order mechanism.
Kyle Godbout
Millard one bedroom multifamily building
23 May 2016 | 3 replies
Also you will want to look at the mechanicals of the property.
Steve S.
How much should I invest in improving a rental property?
8 May 2016 | 13 replies
I would more concerned with the mechanical - plumbing, electric, HVAC.
Mike S
Kwikset Key Control: Anyone using these
10 May 2016 | 8 replies
Then they may work, but in larger buildings or complexes, you often need sub-masters (think of them as zoned masters).A lot of mechanical overhead (2 cylinders on one deadbolt) for a door lock.