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Jim Goebel
  • Real Estate Investor
  • Des Moines, IA
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How many have been burned when paying a Contractor 50% upfront?

Jim Goebel
  • Real Estate Investor
  • Des Moines, IA
Posted

Just wondering ...

I had a recent bad experience with a plumber that somehow convinced me that the 50% upfront and 50% at end was on the up and up.

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Ryan Murdock
  • Rental Property Investor
  • Austin, TX
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Ryan Murdock
  • Rental Property Investor
  • Austin, TX
ModeratorReplied

Upfront $$ is the kiss of death. I will maybe pay materials upfront (or better yet, buy them myself) but will never pay labor of any amount in advance. I've been burned too many times.

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