The worse the market gets the bigger the opportunity to purchase for a lot less.
Developers, many awarding winning, are purchasing foreclosed properties and Crashing
them (fixing them up to what I call the WOW Level). Then selling at a very, very good
price point. Some people have the time and want to put their hands directly into creating
their own space. For them the solution is the FHA 203K and most of this site is dedicated
to those brave soles of which I was one myself. Even though it is an option the next time
I will trust the Crasher (Developer) just like those folks on the TV shows knowing the end
result will be the WOW factor and I'm just fine with that. For the rest of you read on!
The FHA203K Solution
FHA 203K is a government insured loan (so it is safe) that is only for home buyers not
investors. This loan is for most very difficult but we have made it so easy its now a no-
brainier. With one loan you get the money to purchase and repair/improve any 1-4 unit
property to your liking. HUD Approved Consultants determine how much work needs to
be done to bring property up to HUD standards and depending on your budget will ask
the home buyer "WHAT IS YOUR WISH LIST?" Eligible improvements cover everything
from new roof, room additions, windows, carpeting even major appliances and much,
much more.
Licensed and Insured Contractors can be chosen by the Home Buyer or you can avoid the
usually painful "how do you really know how good they really are process" by asking us
for a recommendation of contractors that have significant history with us. Either way
know that the contractors perform all the necessary improvements and will not get paid
unless the work is signed off by HUD Approved Inspectors. Its almost too good to be
true.
How Much Money Can I have for Rehab?
Calculate how much you can afford - Click Here. To easily calculate your available budget
for Rehab and see some clear examples - Click Here
Want more Detail? This Process Is Easy just follow the HBR Made EZ on the navigation
bar to your left
Developers, many awarding winning, are purchasing foreclosed properties and Crashing
them (fixing them up to what I call the WOW Level). Then selling at a very, very good
price point. Some people have the time and want to put their hands directly into creating
their own space. For them the solution is the FHA 203K and most of this site is dedicated
to those brave soles of which I was one myself. Even though it is an option the next time
I will trust the Crasher (Developer) just like those folks on the TV shows knowing the end
result will be the WOW factor and I'm just fine with that. For the rest of you read on!
The FHA203K Solution
FHA 203K is a government insured loan (so it is safe) that is only for home buyers not
investors. This loan is for most very difficult but we have made it so easy its now a no-
brainier. With one loan you get the money to purchase and repair/improve any 1-4 unit
property to your liking. HUD Approved Consultants determine how much work needs to
be done to bring property up to HUD standards and depending on your budget will ask
the home buyer "WHAT IS YOUR WISH LIST?" Eligible improvements cover everything
from new roof, room additions, windows, carpeting even major appliances and much,
much more.
Licensed and Insured Contractors can be chosen by the Home Buyer or you can avoid the
usually painful "how do you really know how good they really are process" by asking us
for a recommendation of contractors that have significant history with us. Either way
know that the contractors perform all the necessary improvements and will not get paid
unless the work is signed off by HUD Approved Inspectors. Its almost too good to be
true.
How Much Money Can I have for Rehab?
Calculate how much you can afford - Click Here. To easily calculate your available budget
for Rehab and see some clear examples - Click Here
Want more Detail? This Process Is Easy just follow the HBR Made EZ on the navigation
bar to your left
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| Watch ad Episode of HGTV Hidden Potential then do it yourself with HBR . |
| Crashing Made EZ |