Feasibility Analysis is a product that all 203k consultant’s offer
By Mike Young, FHA 203k Consultant 916-758-1809 cell direct
(203kOnLine.com, covering the USA)
Feasibility Analysis is a product that all 203k consultant’s offer An excellent tool for investors and others who are wanting to know how much to offer on a property. We were asked to do a Feasibility Analysis on a home in Point Richmond, CA. It was a very old home that hadn’t seen any paint in well over twenty years. The asking price was about $200,000. The home needed extensive work and after the work was completed the home was only worth about $200,000. It was clear the seller wasn’t being realistic and the client really wanted the home. I was called in to determine the amount of work needed to bring this home to the HUD MPS (Minimum Property Standards). This is what a feasibility report is used for actually.Once the inspection was completed and a number identified we came up with a ...
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