Can you be your own GC for the homestyle loan

[Kieran Dowling]

I am trying to use the home style loan for my first property and i was wondering ccan you be your own GC and do some of the wrok yourself and save money?

[Matthew Porcaro]

The guidelines state that if you are licensed and insured and experienced you CAN do some portion of the work yourself, but it's ultimately the banks' decision and they rarely let it fly. 

But the most common misconception of people starting out is that they can do "some of the work themselves" to save money. This almost never works out the way they intend.  

I've seen it go south countless times. Just hire the right people for the job. It's easier to save money by getting a better deal when you close than to try to cut corners on the rehab. I have worked in construction for 20 years, but I still rarely do any work myself. I sub out everything to the guys that do it daily.