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Updated over 2 years ago on . Most recent reply

Steven Barr's profile image
Steven Barr's profile image
Steven Barr
  • from Atlanta, GA
  • Member since Dec 18, 2021

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Steven Barr's profile image
Steven Barr's profile image
Steven Barr
  • from Atlanta, GA
  • Member since Dec 18, 2021
Steven Barr
  • Atlanta, GA
57
Votes |
163
Posts
Rehabbing & House Flipping

How to pay your contractors

Steven Barr
  • Atlanta, GA
Posted

How do y’all pay your contractors for bigger jobs? Say $50-100k rehab jobs 

Do you pay 50% upfront and rest at completion? 30% upfront? Nothing up front and draws throughout the project? Buy materials yourself and pay for labor upon completion?

What do y’all think is the best way?



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Terrell Garren's profile image
Terrell Garren's profile image
Terrell Garren
  • Rental Property Investor
  • from Concord, NC
  • Member since Dec 29, 2016

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Terrell Garren's profile image
Terrell Garren's profile image
Terrell Garren
  • Rental Property Investor
  • from Concord, NC
  • Member since Dec 29, 2016
Terrell Garren
  • Rental Property Investor
  • Concord, NC
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1,240
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Terrell Garren
  • Rental Property Investor
  • Concord, NC
Replied

Nothing up front, draws through completion.  I supply materials except for paint, drywall, HVAC, rough plumbing, rough electrical, vinyl siding. 

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