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Updated about 8 years ago on . Most recent reply

User Stats

132
Posts
25
Votes
Patrick Martone
  • Engineer
  • Monmouth Beach, NJ
25
Votes |
132
Posts

Becoming a Licensed Contractor to obtain FHA loans and rehab

Patrick Martone
  • Engineer
  • Monmouth Beach, NJ
Posted

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

User Stats

680
Posts
650
Votes
Meghan McCallum
  • Specialist
  • CHICAGO
650
Votes |
680
Posts
Meghan McCallum
  • Specialist
  • CHICAGO
Replied

@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.

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