All Forum Posts by: Ethan Romero

Probates are some of the best leads for direct mail marketing. However since there aren't many leads available at any given time, it is a competitive space. So its important to market to probate and pre-probate leads as soon as you receive them. @Ethan Romero

Hey Ethan, you need to find the executor & mail to them. This address may be different than the decedents address.  We have done this and it works very well.

Quote from @Sergey A. Petrov:

Hold on to it. It looks like it’ll cash flow plus your tenants will be paying off your mortgage 

What would you think about selling it, using a VA loan for the next house for 0 down, then use the sale from this house for a rental in a different area? Or maybe using the sale of the house to help purchase a larger house that I'd be able to house hack?

While there is an “fha 203k certification course”, this is a private company,  not sponsored by fha, and doesn’t really matter. It’s essentially a marketing gimmick, even though the contractors should know the process.

It is your Lender, not the fha, who Approves your contractor. Any legit licensed contractor with insurance and proper experience can be approved, it’s just a 2 page application. The draw schedules are fair and any contractor who can’t work with them is not a contractor you want.

Picking a good contractor you can work with is the Most Important part of a 203k.