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Thread: FHA AND HELLO

  1. #1
    SAL IACONO's Avatar
    SAL IACONO Guest

    Question FHA AND HELLO

    THINKING ABOUT BECOMING AN FHA INSPECTOR...IS IT WORTH GOING FROM TEXAS TO DC TO TAKE THE CLASS? WHAT DO INSPECTORS CHARGE AND IS THERE ENOUGH BUSINESS TO JUSTIFY TRAINING?

    Inspection Referral SOC

  2. #2
    Join Date
    Oct 2003
    Location
    Rockwall Texas
    Posts
    4,519

    Default Re: FHA AND HELLO

    Quote Originally Posted by SAL IACONO View Post
    THINKING ABOUT BECOMING AN FHA INSPECTOR...IS IT WORTH GOING FROM TEXAS TO DC TO TAKE THE CLASS? WHAT DO INSPECTORS CHARGE AND IS THERE ENOUGH BUSINESS TO JUSTIFY TRAINING?
    Not going to beat around the bush on this one.

    Is there enough business?

    Honestly, NO there is not at this time. Have you not heard that the Real Estate market is somewhat tanking? I don't see it pulling out of it for awhile.


  3. #3
    SAL IACONO's Avatar
    SAL IACONO Guest

    Default Re: FHA AND HELLO

    IT'S NOT TANKING HERE REALLY. I GUESS BECAUSE IT'S A COASTAL COMMUNITY. ARE YOU CERTIFIED AND IF SO, WHAT IS THE USUAL CHARGE TO MIORTGAGE COMPANIES?
    THANKS......


  4. #4
    Ted Menelly's Avatar
    Ted Menelly Guest

    Default Re: FHA AND HELLO

    Oh yeah. Business is booming. I have never had more calls or work in my life. I am charging 50% more for home inspections than I ever did. I think it is the best time in life to become a home inspector. The new homes are being built really fast and they cannot build them fast enough for all the home buyers. I am getting 50% more referrals than I ever did. I am making so much money that I have to refuse jobs because the bank is to full. I have paid off all my debt from starting a new since I moved to Texas 4 years ago. I had to buy a bigger freezer for all the extra food. I also added on 4 more garages to fit all my recent purchases of classic cars.

    Hmm, did I forget anything?


  5. #5
    SAL IACONO's Avatar
    SAL IACONO Guest

    Default Re: FHA AND HELLO

    WOW...HOPE EVERYBODIES DAY GETS A LITTLE BRIGHTER...THANKS FOR THE INFO


  6. #6
    Join Date
    Mar 2007
    Location
    Ormond Beach, Florida
    Posts
    26,250

    Default Re: FHA AND HELLO

    SAL,

    DO NOT KNOW IF YOU KNOW IT OR NOT, BUT TYPING IN ALL CAPS ON THE INTERNET IS CONSIDERED YELLING!

    PLUS, IT MAKE IT MORE DIFFICULT TO READ POSTS WITH ALL CAPS.

    SO, IF YOU DON'T MIND, YOU CAN LOOK FOR THAT KEY LABELED 'CAPS LOCK' AND TAP IT ONCE ... that outta take care of that problem.

    Thanks,

    Jerry Peck, Construction / Litigation Consultant
    Construction Litigation Consultants, LLC ( www.ConstructionLitigationConsultants.com )
    www.AskCodeMan.com

  7. #7
    Join Date
    Sep 2008
    Location
    Texas
    Posts
    745

    Default Re: FHA AND HELLO

    Ted, do you need help???? I would love to be in that situation!!! Please refer all turned down work my way!

    Thanks
    Wayne


  8. #8

    Default Re: FHA AND HELLO

    LOL, I am an FHA Fee inspector here in CA. The lenders don't want to pay crap.
    $75 for a final! I tell them to go pound sand. Minimum of $300 + mileage or don't bother me. Some clown must be doing them for that price cause they MUST use a listed Fee Inspector and they are not calling me back. Got two calls while I was in TX & LA for FEMA.
    Need to find that "clown" and beat him severely.
    Dana

    True Professionals, Inc. Property Consultant
    877-466-8504

  9. #9
    Join Date
    Mar 2007
    Location
    Spring Hill (Nashville), TN
    Posts
    5,847

    Default Re: FHA AND HELLO

    Sal, the HUD/FHA training is DC is to become a REAC inspector.

    Once you do this you then need to find a contractor who has the REAC contract in your area or areas. You are a sub and you are paid per inspection. Fees are set and depend on what you are inspecting. NO, it is not really worth the expense, time and effort to get into right now.

    If you are already an experienced(5+ years) home inspector you can sign up on the HUD site to be a HUD Roster Inspector (Fee paid inspector). I have been one for 8 years and I bet I have had less than 20 jobs from being listed. Just not a big money maker.

    Scott Patterson, ACI
    Spring Hill, TN
    www.traceinspections.com

  10. #10
    Join Date
    Oct 2003
    Location
    Rockwall Texas
    Posts
    4,519

    Default Re: FHA AND HELLO

    Quote Originally Posted by Ted Menelly View Post
    Oh yeah. Business is booming. I have never had more calls or work in my life. I am charging 50% more for home inspections than I ever did. I think it is the best time in life to become a home inspector. The new homes are being built really fast and they cannot build them fast enough for all the home buyers. I am getting 50% more referrals than I ever did. I am making so much money that I have to refuse jobs because the bank is to full. I have paid off all my debt from starting a new since I moved to Texas 4 years ago. I had to buy a bigger freezer for all the extra food. I also added on 4 more garages to fit all my recent purchases of classic cars.

    The CHANGE has already started for Ted.


  11. #11
    Ted Menelly's Avatar
    Ted Menelly Guest

    Default Re: FHA AND HELLO

    Quote Originally Posted by Rick Hurst View Post
    The CHANGE has already started for Ted.

    Yeah. The change started. I think it is the change of life. We older folks have vivid imaginations as well


  12. #12
    SAL IACONO's Avatar
    SAL IACONO Guest

    Thumbs up Re: FHA AND HELLO

    Thanks for the useful info....I am always trying to find ways to increase revenue at no or little additional expense......Live long and prosper!


  13. #13
    Join Date
    Oct 2003
    Location
    Rockwall Texas
    Posts
    4,519

    Default Re: FHA AND HELLO

    Sal,

    Are you a Home Inspector here in Texas already?

    rick


  14. #14
    Nolan Kienitz's Avatar
    Nolan Kienitz Guest

    Default Re: FHA AND HELLO

    Rick,

    Sal is listed in the TREC roster and located in CC.


    Sal,

    I am an FHA inspector and 203k consultant. I've not had any 203k jobs in five years. That product is gaining some traction in some areas of the U.S., but not in Texas from what I've been studying.

    As for FHA finals, etc. I have had a contract with a mortgage company for the past couple of years and it works well. But ... only as long as the market is good. New home FHA finals have tanked over the last two months along with the general economy.

    The fees for 203k work is set by HUD. A lot of paperwork for not a lot of $$. There is software out there to help with all the paperwork, but that can run in the $600/$1K range and it will take almost two of the larger 203k jobs to recoup that investment. FHA fees are yours to set, but as noted above if someone is willing to spin wheels for $75.00 you won't get the call.


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