Our new book is out. Hope you enjoy it. This written as a borrowers guide to the 203k but the information is something every real estate professional should have at their disposal.
Anyone thinking of purchasing RE this year needs to know about the 203k process. HOw to close a 203k in six simple steps.
You need to know how to process a 203k so, when the time comes, you know what to do and aren't running around trying to figure it out. Always happy to assist anyone with questions on the 203k. M
If you currently provide regular 203k training for the public let me hear from you. I'd like to add you to a new web link I'm creating. In addition you will be able to see my upcoming seminars open to the public as we set them up all over the country. Good luck with your k's. Thank you to those who are using my new book to teach home buyers how to navigate through a 203k loan from start to finish.
Reading some of the other blogs I was happily surprised to see a 203k friend talking up the Mixed Use application of the FHA loan program. I can't imphasize how dynamic this can be for a 'new investor' who doesn't mind liiving in the property for a while. You get to ignor the stores and have up to 4 more residential units... I did an appraisal on a large store front that took up the whole lower floor and the owner lived upstairs in a modest unit that was in fair condition. My job was only to appraise the building but he could have easily turned it into a 203k and got the money out to fix up the residential units including the one that was not in rentable condition.
received a call on a property the other day wanting to know if a retaining wall could be replaced with the 203k... absolutely. Keep your ears open and remember that you can even create handicap access, ramps, wider doors, bigger shower stalls, whatever it takes. improvements to the structure is no problem.
203k Consultant and Trainer, Real Estate consultant, home design consultant, perform feasibility analysis pre 203k when needed to assist you in making an offer on homes needing repairs.
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