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Howard Koore
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Special contractor payment plan

Howard Koore
Posted Apr 28 2024, 08:24

Anyone know a contractor who will do work and get paid out of the proceeds of the sale of the property? Much thanks.

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Doug Smith#4 Creative Real Estate Financing Contributor
  • Lender
  • Tampa, FL
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Doug Smith#4 Creative Real Estate Financing Contributor
  • Lender
  • Tampa, FL
Replied Apr 28 2024, 13:38

Other than a roofer that will wait for a real estate closing. I've not heard of that. We do have programs where we finance renovations. Perhaps you could be more specific with what you seek. 

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Chris Seveney
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  • Investor
  • Virginia
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Chris Seveney
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Replied Apr 28 2024, 13:44

@Howard Koore

Some lenders will do it and lend based on proceeds from sale. Contractors typically will not

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Howard Koore
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Howard Koore
Replied Apr 28 2024, 14:09
Quote from @Chris Seveney:

@Howard Koore

Some lenders will do it and lend based on proceeds from sale. Contractors typically will not


 Oh, much thanks

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Howard Koore
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Howard Koore
Replied Apr 28 2024, 16:17
Quote from @Doug Smith:

Other than a roofer that will wait for a real estate closing. I've not heard of that. We do have programs where we finance renovations. Perhaps you could be more specific with what you seek. 

Hi, it’s for a real estate colleague. Not my client. I will direct him to this website. Thank you.