FHA 203k--Working with the Contractor
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Steven Holiday
Rental Property Investor from Central California
posted over 1 year ago
Hi Everybody.
If someone intends to owner/occupy a home after renovations....
and the approved contractor has an agreement on the job...
Can the GC "supervise" the work done by the borrower or hired help (trashout, prep/cleanup, etc.), to reduce the actual cost?
Would the loan fund with some cash back to the borrower?
Not looking to break any rules, just curious about process.
Thanks.