Looking For 203k Contractor

Developer · Upper Valley, VT · Member since 2017 · 18 posts · 12 votes

Hi Newark Investors!

For those with some 203k background, I'm looking for recommendations for general contractors with 203k experience. Any leads would be greatly appreciated!

Thanks,

Jonah

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Jonathan GreeneBusiness Member

Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes

@Jonah Richard - my 203k lender referral has reliable contractors that understand the 203k portion and they help manage it together to make sure it stays on track. PM me for info and I will send you their contact or direct to the 203k contractor.

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Wayne Brooks
Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
9y
Your 203k lender, if they are experienced, should have few contractors they have approved, since it is the actual Lender that approves your contractor. Also, any contractor with relevant experience, proper license and insurances, decent reputation, will qualify.
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Jonah Richard
OP
Developer · Upper Valley, VT · Member since 2017 · 18 posts · 12 votes
9y
@Wayne Brooks I also assumed my lender would have a list, however they intentionally don't maintain one to avoid liability in the event of a bad recommendation. Was hoping to tap into the large community of Newark investors that have already gone through the process that could recommend a specific contractor.
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Ro Maga
Newark, NJ · Member since 2015 · 162 posts · 102 votes
9y
I'd be a little nervous of a 203k lender that isn't willing to provide any leads even with caveats. Once you have a couple of contractors who do 203k loans be sure to ask them about their experience with your lender and others. There's so much red tape with these loans you want that contractor-lender relationship vetted.
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Jonathan GreeneBusiness Member
Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
9y
@Jonah Richard - my 203k lender referral has reliable contractors that understand the 203k portion and they help manage it together to make sure it stays on track. PM me for info and I will send you their contact or direct to the 203k contractor.
[email protected]Podcast Guest on Show BiggerPockets Daily 667: 5 Amazing Benefits Multifamily Investments Offer (That Single Family Homes Don’t) by Gino Barbaro
Zen and the Art of Real Estate Investing59 Reviews
Website View Page
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Moe Hirsch
Contractor · Passaic, NJ · Member since 2015 · 60 posts · 14 votes
9y
@Jonah Richard Call Gary at from Capnovate construction, Their company info is listed under contractors on this site. I know they are doing a job now in Newark, and are 203K certified as well.
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Jonathan Sky
Little Neck, NY · Member since 2018 · 1 post · 0 votes
8y
Hey Jonah, we do 203k construction but only in NYC. If you need a good mortgage broker try Barry Koven of Loan Depot.
Please let him know Jonathan from B&H reffered you.
we just had a meeting on 203k the other week.
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Alex V.
Rental Property Investor · Rutherford, NJ · Member since 2016 · 116 posts · 91 votes
8y
@Vincent Priore might know a thing or two about 203k contractors
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