Experiencing a few bump and bruises

[Dione Branch]

Hello,  my name is Dione Branch.   I am a Realtor and Investor in Chicago.   I've been working with multiple investors and felt it was now time to start myself.  The first property we ( my family and I)  purchased was a hud home with a 203K Loan.   We interview a few general contractors but decided to go with a contractor that another agent works closely with.  We thought it was a good referral.  We purchase the property in January.  In April, I called to ask why we had not started.  Of course, he started right away, took down some money and then stopped.  I asked again 3 months later, what happening.  He then began again, did just enough work to pull another draw and just like that he was gone again.   This continued another time.   I finally had enough.  We fired him in August.   Now I have a building with two permits and no General Contractor.  The other general contractors do not want to take on his work.  What should I do to get this project completed?  The contractors that come say cosmetics are only left.  

[Tim Johnson]

Your going to have a hard road ahead. Did you get full unconditional lien waivers signed from previous gc?  Who’s name is the permit under?  He could be a total pita and not remove the permit and you wont be able to get final inspection.  

Before you fire a gc, you need to have another game plan.  

You also need to check with 203k loan, because generally the gc is tied into the loan.  You can fire them but you going to need to get another 203k approved and signed up and approved.  This is also going to give you some delays.

hate to give the bad news