203k rollercoaster investment!

[Laura Da Silva]

Hello everyone My name is Laura and I am a current home owner. I purchased my first 2 family home back in December of 2016. I qualified for a 203k HUD loan and I was assigned a contractor whom took a full year to "complete" my project. Needless to say, the project should've been completed within 6months to a year. I could not deal with the lies, etc anymore and I realized that the work was shoddy (once I brought in a new contractor to review). I am not a plumber etc so I was not able to notice the work he was doing. My HUD inspector also did not help and asked for pictures to release payment to the contractor. I've learned an important lesson here and trust me, I now know everything there is to know about repairs, pricing, shut off valves, shark bites and where to find things at Home Depot lol! It's unfortunate I was taken advantage of but I literally jumped because I knew this was a good deal! The home is almost done and I will be moving in this weekend! I will have to do some decorating/painting in my apartment but the 2nd floor will be ready for rent!!!! Yay! It has been very tough paying for a mortgage and dealing with contractors (especially an old home in need of serious repairs). If I can be of any help to anyone I will be more than happy to assist :) I am looking to see if anyone could offer me words of advice regarding rentals/refinancing and getting line of credit for a 2nd project and how to go about with that? Has anyone been through a situation with their 203k hud contractor? I am also thinking I should take legal action but because things are so tight I am concentrating all my efforts on rebuilding/finishing my home. Thanks everyone :)