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 | 14 replies
Do you invest in RE for a 7% return?
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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 | 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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30 December 2024 | 89 replies
RE is a long term play.
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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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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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16 December 2024 | 21 replies
This is such a small issue that if it's causing this much agony and stress to the landlord, they clearly don't got better things to deal with which tells you more of what's happening will come.If I was the landlord, I wouldn't have originally agreed to this cause I always re-paint neutral on the turn at previous tenant's expense or if I'm just purchasing then with my underwriting.
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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?
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9 December 2024 | 7 replies
I've also had to re-sync calendars between Vrbo, Airbnb and Houfy.