While this is municipality dependent, if the contractor is not licensed you likely cannot obtain the necessary permits and approvals.

See if they will pre approve you for a line of credit.  

Following Up + More details: @carolineOur utilities were also opened using an LLC but since the power had actually been shut off the problem mostly came from ICE sending someone out to turn it back on plus installing a new style meter (which had to be approved by our HOA but that was another matter entirely and not particularly difficult).Opening a bank account with BCR as an individual is easy and you can get an atm card in about 3 days but you will be limited to holding only a thousand dollars in it.

It takes years to get approved.

Biggest challenge was the two end buildings were added to the historical registry so I had to obtain historical commission approvals.

This section should outline the process for documenting and approving changes, as well as their impact on the budget and timeline.

Quote from @Jeffrey Hill: There are a couple of challenges with financing the difference. 1) The current servicer has to approve it. 2) Finding a lender to do a 2nd mortgage at 100% CLTV is almost impossible.

I have tried to do a HELOC but I’ve recently retired from the military and haven’t started another W2 therefore lenders don’t want to approve the HELOC.

issued guidance saying that you can use LLCs if you get approved to do so.

Sometimes they can find creative solutions or know the right way to present your case to get approvals. 3.