Our latest software for consultants & contractors
This version is loaded with new features, more forms, &
has our proprietary system for recapturing the Limited 203k business for
our consultant clients and trainees.
Want the best of all worlds - get all of our marketing
strategies, training aids, and we'll help you market YOUR business in YOUR
town by being one of our business partners.
Remember that when you purchase our software you own the license and there
is no annual fee or charges per report. You can do as many reports as you
like with no additional fees paid to us.
There are lots of areas still open but we do restrict the
number of "remote offices" available in a marketing area. Be better than the rest
by joining the company that prides itself on "Providing more than our
Move your listings
Why not move your listings faster than your
competition. We have home buyers looking to purchase your fixers as well as
financing for investors. Our lenders can close in 30-45 days and some in
21-30 days for owner occupants.
That's is the name of the game isn't it?
Actually it all comes down to KNOWING what
it will cost to make the repairs in THIS home. If you have a "fixer" you are
trying to sell and you have identified the cost to cure or make the
necessary repairs then you have a salable home again.
No one wants to step
into the unknown particularly a "first time home buyer" get your bank to cut
loose with a little money to have us do a "feasibility analysis" which will
identify the cost to make the repairs
1) to bring this home up to the
Property Standards and
2) a second feasibility analysis to bring
this this home to a "typical" upgraded condition would give you
that competitive advantage but not absolutely necessary.
By doing these two feasibility analysis I
can assure you that your "hard to sell" homes will be easier to sell, will
sell faster, and the buyers will have more information about YOUR listing
than any of the other asset managers properties and therefore Yours sell
I know most of you are selling 500-1,000
homes per year but as greedy as you can be, wouldn't you like to sell
another 250-500 on top of that? By the way, you would be doing your employer
a service by getting the "hard to sell" properties off their books faster as
well. Everyone wins !
Who can do a feasibility analysis? That is
easy, every FHA 203k consultant
can do them. They don't all want to do them but FHA says if you are a
consultant you MUST offer that service.
What does it cost for this service? I
can't speak for other consultants on this issue but we have a set fee of
$350 for the first unit on a project & $100 each for units 2-4.
Then if you order the "Enhanced
feasibility report" at the same time we will do both of them for a flat $500
for the two for a SFR plus $100 per unit for units 2-4.
Some of the agents who handle
lots of REOs for asset managers are finding that even if they pay the fee
they move many more houses and that is what they are supposed to do.
become a 203k Consultant - HUD
If you are wondering what you could
do to enhance your existing home inspection or contracting business or start one
from scratch, this may be just what the doctor ordered.
Home Inspectors, contractors, and
architects are already there. You already have the knowledge base in your
We fill in the gaps by offering you
203k consultant training. You may have the construction background to qualify
even if you don't have one of these credentials.
training package takes you to the next level. We have trained hundreds of
consultants nationally since 1995 and continue to do so today.
We not only teach you about the 203k
loan program but "how to" conduct the 203k consultation.
We show you how to make the bid
specifications so all the contractors who may bid on your project are bidding
apples to apples.
A poorly written specification
results in allot of headaches during the process. While a well written
specification takes the drudgery out of it and makes it easy to provide the draw
We have completed thousands of
projects and our software for consultants is designed to keep you and your
lender out of trouble.
The contracts we provide are HUD
recommended and come as part of our 203k software or 203k consulting software,
whichever you may choose to call it.
We typically call it 203k software
as we have designed it to handle several other similar products as well. If you
are doing a
Mortgage by FannieMae you just click on a button and all the
forms will be populated with their name instead of 203k pertinent data.
Similarly Wells Fargo has their own
rehab program, just a click of a button and your forms are populated with their
In addition some of the lenders have forms unique to them which are added this same easy way...
just a click and you have it.
- 15 CE Credit for our course with ASHI and CREIA
will love that you use our 203k software and have take our 203k training as our
software will provide the lender with 100% of everything they need to add to
their 203b paperwork to make it a 203k.
This includes a MMW (Maximum Mortgage
Worksheet). While the MMW is a form that the lender is required to fill out,
all they have to do it take your numbers and insert them on their form and it is
done for them.
If you have a lender who takes our "203k training" we will extend
your 203k consulting software to them as well and unlock it on your behalf so
they can take the file electronically and then they can adjust the numbers if
needed before they print the MMW for themselves.
We enjoy assisting you as you
take off on this 203k journey and are happy to take your emails and answer any
questions that we can to help make your business more profitable and enjoyable
You can always reach us at
That is correct... Your very own "in house" consultants so you
get to schedule them.
We can provide this
service anywhere in the country, wherever the need exists.
We train investors to create bid specs, and provide
them the owner/contractor contract that will keep them out of court...go to
our.203k training course above.
I've always looked at the 203k as a team
sport, even when I first got involved with it. When we put out our audio tapes
in 1998 we even discussed it.
You are only as good as your 'team' in any
case. If your consultant can't write a good report, the lender won't have much
to work with and on the other hand if the lender can't get the loan closed it
doesn't matter how good the 203k consultant writes the report. T
his is true of the rest of the team as well.
Your teams each should have a Lender that can close an FHA loan, even a 203b
Our trained 203k consultants will provide
100% of the 203k portion so the lenders can take our MMW and use it to help them
fill out their form... it is their responsibility but we try to make it easier
If we all do our part of the project and then
pass the baton to the next team member this frees us up to get the next project
Example: A 203k loan may begin anywhere by
any one of the team members. We quite often get calls from our websites or the
HUD website from a borrower... we immediately asses the situation and more than
likely we'll send them to a lender to get that process started.
They may already have a property, that is
okay, we still need to get that lender take on the borrower to be sure they are
credit worthy. Not wanting to waste time or the borrower's money we need to
verify they have the ability to get the 203k loan going.
If they don't have a property then we suggest
a realtor or agent to help them find one in a neighborhood of their choosing.
We may actually start consulting to determine
what type property they might want. There are several possibilities in this
Once they locate a property suitable for
their needs we set up a 203k consultation and inspect the property to create the
203k bid specifications.
Once those 203k specs are complete the
borrower should look them over to be sure everything looks like they want it.
Then they go to the lender.
The lender takes the 203k specs and provides
that information to the appraiser and the appraisal is completed with an 'after
improved' value. Once we reach this point the loan should close within a week or
Once the loan closes the borrower needs to
get that information to the contractor so they can get that project in their
This is an important step as this is the only
way the contractor has of learning the loan has closed.
They have up to 30 days to get their first
draw inspection but in most cases they will have someone start long before that.
In many cases they will start within a few days of your closing the loan.
Go to the "Procedure Link" at the left side
of this page near the top to see where to go from here or to place an order go
to www.my203kconsultant.com or
Mike Young, 203k Consultant
PMB 168, 5055 Business Center Drive, Ste
108. Fairfield, CA 94533
Cell phone 1.704.451.1599
Be part of our network of consultant partners, maybe we
should talk about it.
We look forward to helping you build your 203k business.
Know that this is much more than just 203k, you will be
trained in all renovation loan products that you can also consult on.
You will have access to our marketing materials and power
point presentations to increase your "Referral Partner" Base too.
We have referral partners that provide a considerable
amount of work for us in the FHA 203k loan program.
We'll show you a way to finance 80% of the pool
repairs or even add a swimming pool to a home that doesn't have one.
Now available. Be the best you can be. We'll
show you how to provide the best possible service, help you with your Quality
Control program, getting you set up right in the beginning can make all the
difference in your success or failure with the FHA 203k.
Did you know the lender is REQUIRED to choose the
consultant yet we see borrower's changing that assigned consultant now and
again. We'll even show you what works and what works better with your marketing
Why spend a lot of money on things that we
already know "doesn't work" marketing the FHA 203k loan program is so simple
that most won't do it, thinking it is so easy it won't work... we prove it
works, every time, If you want more loans this simple and inexpensive technique
Call for an estimate tailored to
1.707.812.7668 ask for Mike