Contractor statement in Honolulu
Hello BP!
My GC/partner for one reason or another had his contractor license forfeited/invalidated due to his insurance lapsing. We need a contractor statement signed off in order to sell.
The house flip project is already completed and I have a travel nurse in there but the lease is up at the end of April. We are trying hard to sell this place and I am losing money already. We’ve owned the property going on 2 years this June. The bridge loan will be due next March.
What are my options? Are there services that come in lieu of the original contractor to perform the final inspection/signing of the statement?
I have already sent an email to C&C plans and permitting, but wanted to see if any of you have personal experience in this matter.
Mahalo much for any assistance!
Hello, @Derwin Villanueva. Who is requiring the contractor statement - the HML? I do lots of flips there and have never had to provide one. That being said, I haven't used hard money in years. I hate how they normally handle the construction side of rehabs.
Your nurse won't renew? You can't find another? Or it's cash negative even with the nurse tenant?
Aloha @Michael Borger Honolulu DPP needs a signed contractor statement as part of the closing package. They are working on a possible solution🤞maybe (owner-builder?) as I was part of the project and the electrical and plumbing has been inspected by the respective inspectors.
I really prefer to sell just to be done with this one. I can put more travel nurses in there but it makes it a hassle to show open houses. Yes we are in the negative per month. I may have to revisit the rent option as the monthly is killing me. Mahalo.
@Derwin Villanueva - Drop me a PM if you want to share specifics.