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Basic Knowledge is a detailed video explaining prerequisite information and basic knowledge by addressing the following:What does a Consultant Do?, Major differences between what a Home Inspector does vs. a HUD Consultant, The Department (HUD) & Regulation, FHA Single Family Housing Policy Handbook/HUD Guidelines, Consultant Liabilities, Consultant Priorities & Advocacy, Continuing Education Focus Groups, Loan Types, Lender Participants, What is Feasibility?, Definitions, Minimum Property Standards, Software Choices, Consultant Fees, and Additional Services & Skills
Complete Education & Fundamentals Course (6 hours of video training)
New Consultant or looking for more education? Start here!
Module 2:Introductions and Expectations, Your professional Resume and the role of the HUD Consultant; Chronology of events; Buyer and Realtor Expectations, Buyers responsibilities for empowerment; Consultants Responsibilities, Fee Ranges from guidelines, New Contacts Sheet questions with Buyers brief explanation of repairs, Contractor Requirements, Method used for estimating, Your Reporting and activity Status, Scheduling a Site Visit/Timeline to complete, Fees and Services, Confirmation
Module 3:Initial Site Visit, Feasibility through Consultant Inspection, Consultants Preliminary Assessment of Materials & Costs, Recommendations, Performance Standards, Contractor Instructions, Consultant Inspection, Construction Assessment, What's Next?
Module 4: The Work Write Up, Knowing the 35 Categories; Separation of Work Items accordingly, Components of a Work Write Up, Additional Inspection requirements, Allowable Fees, Contingency Reserve, Permits and Certifications, Defaults and Work Items, Distribution of Work Items in applicable Categories w/ Descriptions, Locations and specificity of Comments for repairs, Recap of Subtotals, Architectural Exhibits, Contractor Bids, Appraisal/Underwriter Comment & Inclusions, Report Overlays, Line Item Checklist/Sending your Report
Module 5:Draw Inspections, Selecting the Fee Inspector, What is a Draw Inspection?, Providing instructions to the parties, Overlay Adjuncts, Multiple Contractors (3); What's the process?, Permits, Material Payments, Self-Help, Plan Review, Irregularities; When to contact the lender, Compliance Inspections, Dry Draw Inspection, Exit Draw; Termination or Withdrawal, Pay Down on Principal Balance Inspections, Contingency Reserve Reconciliation, Change Orders; Health & Safety, Desired and Administrative, Additional Services and Fees, Conflict Resolution, Contractor Termination
Module 6: Circumstances, Recusing Yourself or replacement as Consultant, Consultant Termination, Arbitration, Specification Triage; closing out a project
Fundamentals videos include:
Detailed training on how to determine if repair items are Mandatory, Recommended, or Desired
Change Order types and preparation
Eliminating your risk
Instructions for Buyers & Contractors
How to evaluate draw amounts and remaining funds
Determining how much to disburse.
Also included are Home Inspector's Guide to 203k Consulting Modules & Fundamentals manuals, both in Word format.
Building Your Program - Advanced Course (6 hours of video training +8 hours live)
Detailed Video Training, Templates, Mentoring, & 8 Weeks Live Virtual Q&A Sessions
Have you finished the Education & Fundamentals Modules? This is your next step!
6 hours of video training + 8 hours of live Training and Q&A
Reduces your learning curve by 70%! In-depth training on how to build your program for effective estimating.
TRAINING VIDEOS INCLUDE: Loading Pricing Defaults;
Pricing defaults in Excel format;
Objective pricing defaults; project accuracy
Purpose behind multiple default and redundancy
Unit prices for single mobilizations and hourly rates
Completed operations in a single mobilization
Acceptable price range management; variations in quality
Margin and overhead for contractors; acceptable percentage ranges
Variations in square footage prices depending on size, difficulty
The necessity for quantities and lump sum estimates
The 35 HUD Categories;
Specificity of the 35 categories; vs commercial construction
The importance of miscellaneous; general conditions
Purposeful defaults emulating commercial construction
Common statements within categories; 203k Consulting Pros
Category specifications for work items and materials
The elimination of specificity in combination with general conditions/codes
Codes and commercial general conditions vs ambiguity and line item detail
Conversion from commercial construction specifications to FHA format
The Method of Estimating;
Exponential minimizing or increasing construction costs vs volume
Necessity of specific budgets for material or equivalent
Manufacturer’s specification choices; match existing component
Additional and consistent standardized work item narratives
The method of estimating; chronological order
The use of notes and corrections vs repair items
Value engineering and functionality methods
Using Comments & Defaults;
Mandatory, Recommended and Desired; when/how to use
The purpose for separation between rough and trim
Descriptive comments in combination with work item detail
The use of pull downs and templates; augmenting software
Frontloading and disparity with contractors bid
Reconciling contractor bids vs your cost estimate
Extrapolating from contractor bids to cost estimate; variations
Augmenting low bids with increasing contingency reserve
Necessity for bid forms to qualify contractor bids when required
Balancing mandatory, recommended and desired for future consideration,
The maintenance of sufficient funds to complete the project
Risk Management & Exhibits;
The value of disclaimers and risk management
The value of architectural exhibits in estimating; contract documents
Condition report combined with cost estimate; corroborating documents
Also Includes the following:
860 pull-down Construction narratives for the 35 categories
Tutorials Books - 2 Word files of the entire set of Tutorial videos
Templates Book - Customziable Word template including custom forms and communications,
Custom Excel Templates: including Master Individual Draw Template, Master Project Tracker, and Bid Comparison Workbook
Mentoring/Support - Mentoring includes: Assistance in setting up your software for the purpose of implementing training and templates; Assistance with creating three (3) projects through completion with personal recommendations and detailed review; Also includes sequential draw process to completion for one project, including all close out documents, change orders, and material draws; Unlimited access to the 203k Consulting Pros Facebook Group forum.
8 Week Live Virtual Q&A Sessions - Subscribers of the Home Inspector's Guide to 203k Consulting can attend 8 weeks of live virtual Q&A sessions hosted on Zoom by Dominic Valenti. The same topic is scheduled for two days in the same week to give you a flexible schedule. If you miss any, you will have access to the recorded sessions. All sections of the Home Inspector's Guide to 203k Consulting will be covered.
203k Consulting Pros Recognition - Subscribers of the Home Inspector's Guide to 203k Consulting are entitled use of our trademarked logo to identify themselves as industry professionals.
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