Hiring a 3rd party consultant for BRRRR projects

[Vijay Radhakrishnan]

Hi All, it recently came to my understanding that FHA 203k consultants can be hired privately outside of 203k projects. As an out of state BRRRR investor, I find this interesting because it would be nice to have a qualified 3rd party professional create a scope of work and also perform thorough inspections throughout the rehab process to ensure work was done properly rather than just relying on your GC for quality control. I am curious as to if anybody has done this before or have any other ideas on what other 3rd party resources can be leveraged to create a detailed scope of work and also perform thorough inspections to ensure work is done to code (outside of the GC). Thank you!

[Kerlous Tadres]

Yes, you can hire a 203k consultant privately, and it’s a smart move for out-of-state investors. They’re trained to create detailed scopes of work and can perform inspections throughout the rehab to ensure quality and code compliance. Other good third-party options include independent home inspectors for phase-by-phase checks, construction managers or retired GCs for project oversight, architects or engineers for structural changes and some property managers who offer rehab oversight before leasing.