203k teamwork: 203k going south?
- 07/30/11 04:43 AM
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 with experts. If you haven't done a 203k before then look for a team that in place who has closed some. If you are a lender looking to do your first 203k call a consultant and use a team they … (0 comments)
203k teamwork: 203k for Realtors
- 06/28/10 06:17 AM
We are talking on July 7th at 8:30 am at the Association of Realtors in Modesto for those who want to get the latest info on the 203k loan and more than that how YOU can use the 203k to get more sales. If you have been having trouble finding available inventory, I'll bring some info and maybe some properties for you to show your clients. There is NO SHORTAGE of properties, there is a shortage of know-how to find them. We'll clear that up for you. Have a home for sale that is pristine? just too small for most of … (0 comments)
203k teamwork: 203k teamwork
- 05/08/10 04:37 AM
You always wonder who is listening to what you have to say and are you being effective with your presentation... I received a call yesterday on a client I've been working with to get all of their Streamlined "k" inspections and they blew me away yesterday with the revelation that I was effective. We now are doing the 203k inspections for our 3rd and now our largest client... thank you, thank you, thank you. Why would you use a 203k consultant for your Streamlined "k" needs? It is simple as Prime Mortgage and Guaranteed Rate Mortgage will tell you. If you … (1 comments)
203k teamwork: Selling the 203k loan program from Vallejo to Fresno
- 05/07/10 05:12 AM
Been getting a lot of calls on this subject of late so I thought I would offer some insite on selling the 203k loan program. 1) This is a renovation loan product. What would you compare it to? Any other renovation loan product. In my opinion it is the best rehab loan product on the market. What are your options? You could purchase a property that needs work, close the loan, then go find the money to fix it up. What you would find is a "construction loan" typically charging you points and fees and an interest rate from 12-16% with … (3 comments)
203k teamwork: 203k Seminars
- 05/06/10 05:43 AM
Paramount Equity Mortgage, Paul Bozek is hosing a 203k Seminar at 6:45 pm on Tuesday May 11th, 2010. It is a ticketed event due to the limited space available so please get your tickets from Paul or one of our teammates at your earliest convenience. Big Valley Mortgage in Sacramento will be hosting some seminars in June.. can you believe it's coming up on June. If you would like to have a 203k seminar in your city please let us know. We have two distinctly different presentations... one is for the public where we put all the puzzle pieces in the … (0 comments)
203k teamwork: 203k for Realtors
- 04/03/10 04:23 PM
Rohnert Park CA at the morning meeting Association of Realtors on 4/29/2010 oriented for Realtors and how you can make money using the 203k in your business. Well received in Sacramento last week, if you want to know more about the 203k and more importantly how YOU can get those "hard to move" properties sold and sold fast, please join us. We'll enlighten you as to how to find out what lender is closing these loans the quickest and dispel the myths that haunt the program. The are just that "myths" and there are for the most part unfounded, we'll show … (1 comments)
203k teamwork: 203k - The sleeper
- 03/20/10 07:45 AM
I just was told by a RE agent in Solano County CA that they don't do FHA because properties are worth more here... and FHA is only for homes under $200k. Wow. IN fact here in Solano County the FHA loan limit for a 203k is actually $557,500 and includes the needed work on the home... isn't that interesting. What would happen if we searched the MLS and FSBOs looking for homes that haven't sold in over 120 days. They would likely be the ones that need TLC or lots of work. Show me the house and I'll show you how to … (0 comments)
203k teamwork: 203k Seminars
- 03/12/10 03:42 AM
Last night in Roseville was a success. First seminars are not always the best attended in an area and Paul was able to get a nice crowd there of about 22 people. Several realtors/agents who met an investor who has 95 members of his investment group who are willing to pay a commission to an agent or realtor who brings them a buyer... that is powerful in Sacramento area as there is a shortage of listings in the area... the banks are holding them back a little so they can drive the prices up but this investor group purchases bulk and … (0 comments)
203k teamwork: HUD 203k Seminar yesterday
- 02/24/10 02:47 AM
Did you all get to see that FHA 203k and Streamlined k webinar? Interesting. They emphasized the mixed use and larger multi family like 5-6 units that could be turned into 4 units. If you are in Berkeley or Berserkely as I lovingly call it from time to time you CANNOT remove units in production from the rent rolls. If you have a 5 unit building and want to turn it into a 4 unit building you must be sure you add another unit somewhere in the city limits to offset the one you are removing. Years ago we had a … (3 comments)
203k teamwork: 203k Breakfast Wednesdays in Fairfield CA or Charlotte NC
- 02/14/10 01:01 AM
I've been getting a lot of calls for people who want to sit down with me and "pick my brain" regarding the 203k loan or other renovation products like the HomeStyle Renovation loan or the HomePath Renovation loan. Not a problem, that doesn't take much time. lol. In all seriousness I don't mind doing that but if I did only that I wouldn't get my work completed so. I do go to breakfast every Wednesday and you are invited. I will be posting the cities in which I will be and if you would like to join me (us) for breakfast … (2 comments)
203k teamwork: Old friends that aren't so old... LOL - 203k
- 02/13/10 01:45 PM
Had an old friend buy my lunch today. What a treat. Pam was active in the 203k for many years as a retail lender then went into the wholesale end of the business. Now she is creating a new 203k team as a Broker. I'm happy to say I've been invited to be on that team and proud to be. I think they will do very well with her at the helm. It is fun to see old friends that actually aren't that old at all. It just seems that way because of all the time that passed since you last … (0 comments)
203k teamwork: 203k teamwork
- 08/08/09 08:22 AM
Got a call from a new consultants in Ft. Lauderdale who had two loan referrals and didn't clearly understand how to find a lender - guys...and gal LO's out there.
If you are a 203k lender in the Ft. Lauderdale area... you need to let us know. it is reciprocal so expect to throw some work their way as well. I was able to hook them up within a few minutes but if you want to be on that list regardless of where you work please let us know.
We refer a number of loans each month... 12 last month as do our … (0 comments)
203k teamwork: 203k open seminars
- 04/08/09 12:06 PM
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. … (0 comments)
now and then you hear about a 203k loan that went wrong. 
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