• AI Powered Financing: FHA 203k Loans & Renovation Financing with Skip Schenker

  • Jan 30 2025
  • Length: 1 hr and 2 mins
  • Podcast

AI Powered Financing: FHA 203k Loans & Renovation Financing with Skip Schenker

Listen for free

View show details

  • Summary

  • Unlocking Hidden Real Estate Profits: FHA 203k Loans & Renovation FinancingHey there, Note-heads! Welcome back to The Note Closers Show, your daily dose of real estate wisdom, market insights, and (let's be honest) a healthy serving of real estate humor. Today's episode is all about unlocking hidden real estate profits, particularly by using FHA 203k renovation loans. This is a game-changer, not just for investors but also for buyers who are tired of settling for “as-is” properties.We recently dove deep into 66 vacant reverse mortgages, showing how you can often acquire them for 70-80% of their value. But that's just the tip of the iceberg! Lots of investors think they need piles of cash for real estate. But what if there's a better way? What if you could finance your fixer-upper? That's where Skip Shenker comes in.Skip is a legendary figure in the world of renovation loans. He not only designs his own houses but also has a passion for helping investors and homebuyers access innovative financing options. Today, we're exploring how the FHA 203k loan can revolutionize your real estate strategy!Here's what Skip shared that you NEED to know:The FHA 203k Loan: This isn't your grandpappy's home loan. It's a unique financing option that bundles the purchase price and the cost of renovations into a single loan. That means you can buy a fixer-upper and finance the entire renovation project at once! No more juggling multiple loans—it's one simple solution.Beyond Cash Buyers: With FHA 203k, you tap into a HUGE pool of buyers who aren't limited to cash offers—namely, those looking for a house to make their own! This significantly expands your potential buyer base, increases your chances of a swift sale, and eliminates the time and money usually spent on rehab yourself. AI-Powered Rehab Estimates: We discussed a revolutionary new tool that utilizes AI to estimate the rehab cost for your fixer-upper. This is way faster and more accurate than traditional methods, taking the guesswork out of the entire process. This speeds things up enormously! CHECK IT OUT HEREFlexible Financing: FHA 203k isn't just for first-time homebuyers. It can be used by anyone, regardless of credit score (within reason, of course), giving you flexibility when deciding on financing your rehab. It's also incredibly helpful to buyers who may not qualify for a conventional loan.Strategic Partnerships: We discussed forming partnerships with real estate agents to educate them about the FHA 203k loan's possibilities. This leads to more referrals and unlocks a wealth of potential deals. It’s a win-win-win for everyone involved.Humor Break: Remember those "before and after" home makeover shows? The FHA 203k loan is the real-life equivalent, only without the drama of screaming contractors and surprise budget overruns (mostly!).Skip also shares real-world examples and expert advice, debunking common myths surrounding the FHA 203k. Learn about the role of HUD consultants, ways to mitigate financial risks during the renovation process, and strategic tips for maximizing your returns.Ready to uncover hidden profits in the real estate market?Watch or listen to this episode! Visit www.Ready4Remodel.com to learn more about the FHA 203k loan, how it can help you maximize your investments, and how to access the latest AI-powered tools and resources. Follow us on all socials for daily updates and more real estate insights!Watch the original VIDEO HERE!Book a call with SKIP HERE!Talk with Scott Carson HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
    Show More Show Less
Show More Show Less

What listeners say about AI Powered Financing: FHA 203k Loans & Renovation Financing with Skip Schenker

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.