I agree. 203k renovation loans is where it's at and it's only going to get bigger. Everyone buying a foreclosure will need some type of repair or upgrades. More foreclosures mean more potential 203k loans.
Actually the house can be in any condition. And virtually any type of upgrade is possible from basic repairs to make the house habitable to full room additions.
I have been doing these jobs for 2 years with very little competition. Most contractors don't know what a 203k is and they don't like how much paperwork is involved. Usually I get the job because the home owner tells me I'm the only guy who called back or bothered to show up.
If you want to learn more about what a 203k is and how to get jobs like this. Feel free to contact me or visit my website. My link is in my profile.
Actually the house can be in any condition. And virtually any type of upgrade is possible from basic repairs to make the house habitable to full room additions.
I have been doing these jobs for 2 years with very little competition. Most contractors don't know what a 203k is and they don't like how much paperwork is involved. Usually I get the job because the home owner tells me I'm the only guy who called back or bothered to show up.
If you want to learn more about what a 203k is and how to get jobs like this. Feel free to contact me or visit my website. My link is in my profile.