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Updated about 1 year ago,
Buying a House and doing your own construction?
Hello, i have a question about securing a loan for a renovation after purchasing a fixer-upper. I am a union commercial carpenter and would prefer to do my own work but i don’t have an EIN/business as a contractor. From what I understand, you can’t get loans to do your own work—so is it best to get contractor quotes then do it myself or to open an Llc as a contractor so that i can do it all myself, and also, is that an issue with lenders if i’m doing my own work on the house as a contractor?
Thanks for all help in advance!