Become A Rehab Consultant To Enhance Your Real Estate Career
Many of the homes currently coming on the market need cosmetic work, with some of them also needing major renovation to make them habitable. Homes like these are difficult for most real estate agents to work with, as buyers typically shy away from them.
FHA has a mortgage financing program called the FHA 203k mortgage that allows a borrower to get a new mortgage on one of these "fixer-uppers" and roll the renovation costs into the loan. The borrower doesn't have to stress about coming out of pocket with the rehab costs as long as they get into one of these FHA 203k mortgages.
These properties are often challenging because very few mortgage brokers know how to get these deals done. As a 203k consultant, you will have the training and knowledge needed to bring these properties and borrowers to the closing table. How responsive will your mortgage broker be now that you know how to get these kinds of deals done, opening up doors to previously turned away business?
The 203k training offered at the Real Estate Training Center will put you in a position to market yourself as a 203k consultant. As a rehab consultant, you'll understand what repairs are allowable and how to get a 203k property to the closing table.
The other agents in your office will want you to help them with these kinds of deals. Now you can market yourself as a 203k consultant to the agents in your office to help them get their deals done, or even to mortgage brokers to help them get their deals done.
To find the 203k training materials that help generate leads for real estate agents, either select a product or course from our recommended list below, or choose “Rehabs” and your state from the “Professional Development” section of the search box below.