Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago, 07/11/2019
FHA 203k--Working with the Contractor
Hi Everybody.
If someone intends to owner/occupy a home after renovations....
and the approved contractor has an agreement on the job...
Can the GC "supervise" the work done by the borrower or hired help (trashout, prep/cleanup, etc.), to reduce the actual cost?
Would the loan fund with some cash back to the borrower?
Not looking to break any rules, just curious about process.
Thanks.