Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 16 years ago on . Most recent reply

Contractor Deposit
I had a recommended roof contractor lined up to do a full roof tear off and replacement for 6600.
We had hammered all the details out and he was supposed to start this thursday 11/20. However, they wanted 1/3 deposit upon contract signing.Which would be Monday or Tuesday most likely. He said that it's "company policy". I even agreed to give a 1000 deposit, upon signing and the remaining 1200 upon start, however, this didn't work out.
From what I've read most people on here only pay upon START, not upon contract signing correct?