What is a typical deposit and draw schedule look like for a rehab?
My GC just sent me a bid and has the following...
Draw 2 upon completion of Demolition - $7,500
Draw 3 once tile work begins - $6,500
Draw 4 - upon completion $3,500
What has me baffled is that they want me to pay $15k before the actual rehab begins!
What is typical?
hello Joseph, I am looking forward to seeing post replies on your question. Looking for same info.
PS. Are you attending the NTAREI meeting Thursday evening? I hope to make it with my Son and wife.