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Is it possible to get a loan for a fixer upper & fix it yourself?

I know it’s probably stupid & extreme, but I’m curious if this is even feasible. I don’t own a home. I have good credit & low DTI & can afford the place I’m looking at easily. If I wanted to buy a fixer upper with some moderate to severe issues (some warped floors, needs a new well, outdated electric, leaky roof, needs heating system), are there any types of loans that would let me fix it up the way I want to do it?

I’d prefer to do as much as possible myself/with friends or family to save money (again, dumb, but not impossible).

Most renovation loans like FHA 203k’s require a contractor or licensed professionals for a lot of property issues. Some of those issues I’d definitely hire a professional, but a lot of them I could fix myself, or at least do half myself and save some labor costs. Also ideally go at my own pace. I know that’s asking a lot but is it possible?

This place is a tiny 1980s hunting cabin that has electric & full bathroom & stuff, but it’s basically stripped down to nothing. It’s dirt cheap on 5 acres & everyone says it’s a complete nightmare home bc of the problems.

I’m not here for criticism of the idea :).. I’m just curious if it’s possible. What do you think would be my best chance to do it this way?

submitted by /u/jackfoox
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source https://www.reddit.com/r/RealEstate/comments/1i4ty1e/is_it_possible_to_get_a_loan_for_a_fixer_upper/
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