PM found GC to do work, wants cash up front......?
Here I am posting another question regarding my first investment.
I closed on a house that needs a bit of work done. The PM that I hired has many vendors considering they manage over 750 properties. They have assigned a GC and I received an estimate for $5870 they want the full amount up front.
1. Is it normal to pay the full amount up front before starting the project if the PM found the GC?
2. Regarding the estimate of $5870 I know this is just an estimate, but how likely is this number going to increase/decrease? This is a first for me dealing with contractors OOS.
I can provide the quote in private messages if necessary.