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Contractors
HomeForumsContractorsCan a contractor use rehab loan to pay his own crew on a flip?
James Carollo's profile image
James Carollo's profile image
James Carollo
  • Contractor
  • from Kansas City, Missouri
  • Member since Jan 31, 2016
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James Carollo's profile image
James Carollo's profile image
James Carollo
  • Contractor
  • from Kansas City, Missouri
  • Member since Jan 31, 2016
Connect
James Carollo
  • Contractor
  • Kansas City, MO
21
Votes |
55
Posts
Contractors

Can a contractor use rehab loan to pay his own crew on a flip?

James Carollo
  • Contractor
  • Kansas City, MO
Posted Nov 29 2018, 07:20
If the investment property is purchased by separate LLC., can I use the rehab loan money to pay my contracting company (LLC) to complete the phases of work? Is there a conflict there? What’s the best way?
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