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Alex Varner
  • Grand Rapids, MI
17
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Contractor requesting 50% Upfront

Alex Varner
  • Grand Rapids, MI
Posted

Hello,

I have a contractor that is requesting 50% of what he quoted the job up front. It isn’t a super large sum of money, but I’m curious on what type of things I should do/look for to protect myself. As of now all I have for information on the guy is his phone number.

Thank you!

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Jason D.
  • Rental Property Investor
  • St. Petersburg, FL
4,386
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Jason D.
  • Rental Property Investor
  • St. Petersburg, FL
Replied

@Alex Varner generally speaking, when a contractor asks for that much up front, it's because he/she does not have enough money or credit to purchase materials for the job. It's a red flag for me....

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