Evan

Developer, Homebuilder and Affordable Housing creator - 300+ homes completed- Here to learn from others

[Evan @EvanTheBuilder]

@FreightAlley What’s the link, couldn’t easily find it

[Evan @EvanTheBuilder]

@contractorkeith I’ve been at 100% since Friday night 😞

[Makayla | Real Estate Investor @REIMakayla]

If your mom dies with a 2.6% mortgage, her bank can tell you to refinance at 7.1% or lose the house

My friend heard that 3 weeks after the funeral. Loan officer said "sorry for her loss" and asked for 2 years of W-2s

She'd spent those 2 years out of work taking care of her sick mom

Her credit score had dropped to 590 by then. 2 other banks denied her, and she got 60 days

So she called me, because I'm known for buying inherited houses.

The house was worth $330,000, with $265,000 left on the loan. I offered $285,000. She'd have walked away with about $20,000 and no house, and I'd have made about $40,000

Then I asked her to read me what the bank said, and I took my offer back

Her mom's payment was $1,201. The new one would've been $1,781. That's $174,000 more over the next 25 years, for the same house

Since 1982, federal law has protected transfers of homes to relatives after the owner's death. The bank can't call the mortgage due just because the house was inherited

And since 2018, federal rules have required mortgage servicers to treat confirmed successors in interest like borrowers for servicing purposes

She didn't need to qualify for a new mortgage just to keep paying the existing one. No new loan, no new interest rate, no 2 years of W-2s

Same rate. Same payment.

We asked for the successor in interest department, not the refinance desk, and sent this certified mail with the death certificate and the deed:

"My mother, [name], died on [date]. I inherited her house at [address] and I live there. I am a successor in interest under 12 CFR 1024.31. Please tell me in writing what else you need to confirm me. I am not applying for a new loan"

5 weeks later her name was on the account at 2.6%

You have to prove you're a qualifying successor, and you have to keep making the mortgage payments while they process it. The bank can ask for proof of inheritance. It can't automatically force you to refinance just because your mom died

Send this to your siblings before one of you has to make that phone call

That loan officer is telling somebody else's kid the same thing today

[Marilyn Moedinger @mwmoedinger]

Living in a small city is constantly getting mixed signals that 1. they really want investment and entrepreneurial activity and small businesses revitalizing downtown, etc, and 2. that they will find every possible way to hinder anyone's effort to do any of those things.

[Evan @EvanTheBuilder]

98% of my SuperGrok limit this week. My AI bots:

Scored 1,757 photos
Made 48 website upgrades, 5 page drafts
Reviewed 28 marketing videos
Sorted 2,881 bills for a comp audit
Filed 28 docs, 15 daily logs in Buildertrend

About 232 hours of work. Roughly $13K saved.

[Evan @EvanTheBuilder]

@heIpfullandlord We use Inkbox for it. It gives our Grok Bot its own phone number and a hosted voice agent. I tell the bot who to call and what to say, it drafts the call, I approve it, and then the voice agent places the call and sends me a summary. Works great until Grok adds calling natively.

[Evan @EvanTheBuilder]

@ShannonJean Agreed, I always try to talk my clients out of rain heads, but until you have had one you don’t hate it enough

[Evan @EvanTheBuilder]

@heIpfullandlord I usually have an agreeement that if they find me the deal on the land or a renovation they get to list the finished product.

[Evan @EvanTheBuilder]

@PutOptionValue We sold them to a local investor that rents them out.

[Evan @EvanTheBuilder]

We primarily build single family homes but I wanted to share some of the higher density and missing middle projects we have completed recently. I love the puzzle of increasing great housing in areas people want to live.

[Evan @EvanTheBuilder]

Density doesn’t have to mean boring, cookie cutter or cheaply built.

[Evan @EvanTheBuilder]

Rather than copy and paste the interiors we designed each unit’s interior individually

[Evan @EvanTheBuilder]

This lot was at the back of a small mixed use community we developed and the lot backs up commercial and Stormwater management. Instead of 1 small home we were able to build 3 3 bedroom 3.5 bath affordable townhome units

[Evan @EvanTheBuilder]

@shawngorham I took the 0.5%, I save the diesel on days I don’t need to pull a trailer which more than covers the payment. The productivity boost of Grok and FSD is incredible between job sites.

[Evan @EvanTheBuilder]

@dig_deeper1 It’s definitely a pipe dream art project for someone

[Evan @EvanTheBuilder]

@dylthorn @LowCountry_GC This!

[Evan @EvanTheBuilder]

@jamesonhaslam Great ideas. Which plaud template are you using? My project manager has had some issues getting it to transcribe a walkthrough well. This type of content is why I log onto X and will be super helpful in where I lack the most.. client followup until I sit down and get a quote done

[Evan @EvanTheBuilder]

@RealLizMcCoy @Prince1253432 The door will always hit the furniture, ai added 8-10” in depth that doesn’t exist. That’s where I always run into issues when we try to design with ai, it creates things that aren’t possible.

[Evan @EvanTheBuilder]

@TannerBuilds Love to see it, I’ve tried to make an AI agent that can do this without any luck.