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Updated 3 months ago on . Most recent reply

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Rehabbing & House Flipping

Contractor Draw Schedule

Jules Aton
  • MD/DC
Posted

What deposit and draw schedule are you guys seeing now? The contractor I would like to use comes highly recommended but is requiring 85% up front and 15% upon completion. It’s a 4-6 week job in the $50-$60k range. 

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Chris Seveney
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Quote from @Jules Aton:

What deposit and draw schedule are you guys seeing now? The contractor I would like to use comes highly recommended but is requiring 85% up front and 15% upon completion. It’s a 4-6 week job in the $50-$60k range. 


 No way I would pay 85% upfront. I would pay weekly every friday after each specific task is done.

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