Mike's 203k Blog
203k loans, the hottest renovation loan product on the market. Offering quick closings on homes that require repairs.
ARCHIVED BLOG POSTS
2014
Limited 203k Software for your 203k departmentAttention Lenders! This is a sales pitch... So you do allot of Streamlined k loans, how do you manage the contractor/subcontractor paperwork? Cut that paperwork way down and get on to the next project faster. Get a consistent package into your underw...
07/20/2014
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now and then you hear about a 203k loan that went wrong. I'm not going to sugar coat anything here but most of those could have gone right had they been working with a "TEAM" of experts who know what they are doing. A team is like a well tuned engine. You don't have to be an expert if you work wi...
07/18/2014
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Live "Rent Free" in America, why not? American's bred and born in America are less apt to see the potential for the FHA 203k to build wealth, but foreign born Americans see it right now and access this powerful strategy to get established and make money in America. In the mid to late 1990's it wa...
07/18/2014
Can I replace a failed retaining wall with the FHA 203k loan program? Yes, you can. Some of the questions we get from time to time puzzle me but yes. you can replace or repair a failed retaining will with this terrific program. HUD/FHA are all about Safety, a failed retaining wall is a safety h...
07/18/2014
Termite report for FHA must be on ALL structures at the site !What about that? It has always been the case - DON"T PANIC just yet. Several years ago the rule was relaxed a little which we will get into a little farther down on this post. But for now we'll discuss the requirement as it originally ...
07/18/2014
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FHA 203k Foundation Types There are a number of foundation types that we run into on the FHA 203k trail. this home has a concrete perimeter foundation with a grade beam running down the center of the structure to support the interior bearing walls. This home has a concrete pe...
07/18/2014
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Attention to all realtors and agents... if your listing has need of any repairs no matter how little, I'd like to see you put in the listing that this is a 203k candidate, or contractor/handyman special. Something to identify that work is needed. There is no minimum for a 203k streamline so if a...
07/18/2014
PRESS RELEASE 203k Loan – The hottest rehab loan product on the market A Guide for the most popular all-in-one purchase or refinance and real estate rehab loan product in the USA “In 1961 the FHA (Federal Housing Administration) came out with a purchase or refinance loan guarantee product that ...
07/18/2014
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Eric Storm, your new site is looking good. How did you get to the top of your search listings right out of the box. That is amazing. Good job. I searched 203k loan charlotte and there you were... Good job. Nice site as well. You are one of the most knowledgeable lenders on the 203k in the Charlot...
07/18/2014
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I am seeing some wonderful opportunities out there for commercial properties. We are all hearing about how the commercial-industrial bubble is about to break or in fact has alreast started breaking. All the businesses that are going under are having or are about to have a devistating affect on th...
07/18/2014
Rainmaker
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Mike Young
FHA 203k Consultant 916-758-1809