Renovation Lending Institute (RLI) University gives you the proven training and tools you need to succeed
as a Ready4Remodel partner with the power of FHA 203(k) Renovation Loans
The innovative FHA 203(k) Program is helping our housing market get back on its feet.
Across the country, there are millions of homes that are old, antiquated and distressed.
These homes simply cannot be sold through traditional buying and lending programs
- making the FHA 203(k) the only viable solution outside of cash only transactions.
Before the introduction of Ready4Remodel, over 40% of today's FHA 203(k) transactions fail
. That's where RLI comes in.
The R4R Difference
Ready4Remodel has a powerful solution designed to ensure the highest FHA 203(k) transaction success rate
in the industry including:
- A documented, proprietary, repeatable, end-to-end process that includes timelines, roles,
templates and critical handoffs between team members. This process was developed and optimized
over the last 15 years of successfully
completing and managing over 1,000 renovation and construction loan transactions.
- Critical identification key FHA 203(k) transactions failure points and the solutions to get
your transaction back on track.
- Certified training for all members of the network -- the Listing Agent, Buyer's Agent,
Lender and Contractor -- ensuring there are no weak links in your team.
- The RLI Marketplace portal allowing you to accept orders from Renovation Asset Services, Partners and
Clients. These orders include getting
distressed listings Ready4Remodel to be marketed to owner-occupant buyers.
At R4R, we understand that success with FHA 203(k) transaction depends on teamwork. We ensure team success by
key participant the tools and training needed:
Will have the opportunity to get more listings from our
clients who are looking for professionals to sell distressed properties to owner-occupant buyers
and are knowledgeable with the processes and procedures we have developed over the last 15 years.
Will learn innovative selling skills that make you a more productive sales person.
You can sell a vision of what the home could be, not what it current is.
This selling technique brings fun back to your job as you watch a distressed
foreclosure turn into a custom home, that your clients will love for many years.
Will have access to the tools developed by our experienced loan officers to simplify the
FHA 203(k) origination and closing process. You will learn how to partner with the top
listing agents in your area to increase your personal production. Our tools help you get
your name and contact information on distressed listings in your area and help bring the
excitement back to doing loans again.
Contractors or Home Inspectors
Play an important role in the success of the Ready4Remodel transaction.
Often times buyers make offers on homes without knowing what the true repair
cost is going to be. As a team member you will be assigned to provide bids on
properties in need of repair before the home hits the market. You will have the opportunity to
leave your marketing literature in some of these homes and work with the eventual buyer of the home
to create their newly remodeled "Custom Dream Home".
R4R team members have the ability to create unlimited Ready4Remodel listing WebPages,
available on the Ready4Remodel Map promoting your team and fulfilling
the vision to revitalize our nation's housing stock and create sustainable homeownership.
Ready4Remodel is a group of industry professionals committed to
revitalizing our nation's housing stock and creating sustainable homeownership. Welcome aboard the team.
We look forward to working with you!