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Updated about 8 years ago on . Most recent reply
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Becoming a Licensed Contractor to obtain FHA loans and rehab
Hi, my father and I want to use FHA loans to purchase rehab multi-family homes in NJ. We can do all the work ourselves and have the tools and capabilities. One of us would also occupy the property until the renovation is done and or the loan is paid off.
My father has been a carpenter for years, and we are considering getting him a contractors license so we can do our own work and save through sweat equity.
My father has experience building homes in the past, but now does office furniture installations and owns his own business. How hard will it be to get him licensed as a contractor? I understand there are FHA courses for contractors, but how about being licensing process?
Most Popular Reply
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@Joey Chan and @Account Closed seem to know far more about your locality. It looks like a couple of great guys to take to lunch and pick their brains!!!!! Learn and network...that makes the world go round.