Reputable 203K Contractor in Chicago?
Hi all!
I am looking at purchasing a property in Chicago using an FHA loan. It is a 2-Flat property, so I would live in one side and rent out the other. This deal fell through once before with a different buyer because the inspection revealed about 50k worth of work that needed to be done in order to comply with FHA requirements. My realtor and mortgage lender both suggested using a 203k FHA loan. They both warned of finding a good, compliant contractor to do the work for me. Has anyone here worked in Chicago and knows a reputable contractor who can fulfill the requirements of the 203K FHA loan for me? I think I will pull the trigger on this property, but I want to be prepared. Furnaces (2), roof (flat rubber roof) and a couple windows is most of the cost.
Thanks!
Ryan