203K Consultant, Hud Inspection, RRP Training

 

 

KTG Property Solutions, Inc. is a Florida based small business entity.

 

We accept most major credit cards with an assessed processing fee.

  • Welcome
  • 203K Simple
  • 203K Pricing
  • Consultant's Corner
  • F  A  Q

Welcome to KTG Property Solutions, Inc.
For all your consultation and inspection needs
!

We inspect all types of buildings. Licensed and state certified to perform the inspections you need. Click here to schedule your building inspection.
children
Wind mitigation inspections will help you avoid future, expensive, out of pocket expenses. Order your wind mitigation inspection today.
Roof inspections of all types Metal, Flat, Shingle, and Single Ply. Take a minute and sign up to schedule your roof inspection today.
Feel free to contact us for all your 203K Consultant and HUD Inspection needs.
Copyright © 2010 KTG Property Solutions, Inc. all rights reserved.

Site Visit:

Our consultant meets with the borrower at the site.
An examination of the work to be done determines if the project is feasible.
If the project is feasible, the client signs a Consultant Agreement and pays the consultant's fee. (see 203K Pricing)

The consultant prepares a detailed Work Write-Up containing:

A clear, concise project specification
A construction cost analysis
HUD required draw request forms
The contractor's bid packages
The complete lender package

The consultant delivers the Work Write-Up as required to the:

Borrower
Lender
Contractor

The selection of a Contractor is made by the Borrower:

The Borrower selects a contractor.
Borrowers should be aware that many lenders may have contractor qualification criteria. Some lenders maintain a list of contractors that have met their qualification criteria. Discuss contractor selection with your lender to learn about their contractor requirements. If you’re considering a contractor which has not yet been approved by your lender or has never done a 203(k), it is important that they are informed early on about the 203(k) concept as it applies to contractors.

The Loan Closes:

Repair funds are placed in escrow.
Remodeling begins.

The consultant performs draw request inspections:

1st Draw - Consultant insures permits were issued.
2nd, 3rd, and 4th Draw - Draw request inspections are performed as work progresses. A punch list is established.
5th Draw - The project is closed out and warranties and lien releases collected.
Consultation and inspection pricing may vary, every project is unique.
The prices listed are for budgeting purposes only.

203K Consultant price schedule

203K Project Amount

Low End Pricing

High End Pricing

Projects between $5000 - $7500
$300.00
$400.00
Projects between $7501 - $15,000
$425.00
$500.00
Projects between $15,001 - $30,000
$525.00
$600.00
Projects between $30,001 - $50,000
$625.00
$700.00
Projects between $50,001 - $75,000
$725.00
$800.00
Projects between $75,001 - $100,000
$825.00
$900.00
Projects between $100,000 and up
$901.00
$1,000.00
Plan Review
$150.00
 
Draw Request Fee
$150.00
 
Mileage over 20 miles 1 way
$1.15
 

 

  • Tim Cooprider

 

 

HI
I’m Tim


Your Consultant
at KTG Property Solutions, Inc. 

 

I am a resident of South Florida, a State Certified Building Contractor CBC1251651 and State Certified Roofing Contractor CCC1326365, Licensed Insurance Adjuster P158468, State Licensed Home Inspector HI553, EPA Certified Renovator R-I-18349-09-0026, a Federally Approved 203K Consultant, and a Federally Approved HUD Inspector; now with that bit of information you know a little background on your consultant.
Along with KTG Property Solutions, Inc. I am also the founder and President of 21st Century Construction, Inc., TGC Construction Services, Inc., and on the board of directors at P&A Welding and Machine, Inc.
I am well versed in AutoCAD, all of the MS Office products, and the ADOBE products for the office and the web.
 
I openly offer my 40 plus years of experience and knowledge to each of our customers.

 

Dads Ministry

 

 

 

  • Inspection Questions
  • 203K Clarification



How is my inspection scheduled?

We schedule our inspections in the order they come in. Go to the welcome page and choose the inspection you need. Click on the link and fill out the form. Even during our busy season we try to get back to you with a schedule within 48 hours.

When do the inspections start?

Our inspection begins as soon as we turn into your drive. We begin looking at the roof, fascia, siding, topography of the lot, landscaping, and many more features the average person overlooks when pulling into your residence.

What do I need to bring to the inspection?

All you really need to bring with you is a good idea what you expect from the inspection. Actually you don’t even need to be present as long as your representative knows enough about the building to get us into all the rooms, attic, crawl space, etc.

How long is the inspection?

Each inspection is different and the time it takes will depend on your answers during the initial conversation when we set the appointment.

How do I get my inspection report?

Click on the Inspection Report page then scroll down until you see your inspection number and address. Click on the link to download the report, enter your password, and download your report.

Is it true you will return my inspection fee if I am not satisfied with my inspection report?

YES WE WILL! We will return your inspection fee if the inspection was not done satisfactorily, the inspector was not courteous and thorough, or the report was not what we promised; we WILL NOT return the inspection fee because the results are not what you needed, what you expected, the loan did not close, or because the inspection revealed something derogatory about the building.

 

What are some of the misconceptions about the 203K Program?

Almost everyone we speak to about the FHA 203(k) loan program thinks this is a new program.

This is not true!

The rehab loan program was a product of the early 1960’s, so it is not as new as one may think.
We have also been told the program is for government assisted, low income, or subsidized housing and to qualify the property must be a poor property in a bad neighborhood.

Again, this is just not true!

With a basic standard mortgage limit for a single family home of $271,050.00 and a high cost limit of $729,750.00 here in Palm Beach County, Florida this conception is totally incorrect.

The program was designed to help the average home buyers refinance a home, or purchase a home in need of repairs and get access to the money needed to do the necessary repairs.

Like most under advertised and little known programs, it was not being used like it could be, so a few changes were implemented. In 1994 "the 203K consultant" was introduced in an effort to stimulate the program and take the mystery out of the loan process. Through your 203K Consultant, you have assistance from a professional that will help get you through the myriad of paperwork needed to complete a 230K transaction.

With current loan limits this high you can literally get a single family home, a 2 unit, 3 unit, or 4 unit building in almost every neighborhood in America. The 203k is an incredible loan program designed to be used anywhere in the United States.

 

 

 

 

 

 

 

 

 

Contact us
Phone:
Fax:
Email:

561-756-2145
561-988-9578
KTG Property Solutions, Inc.