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Updated about 4 hours ago on . Most recent reply

Tyrone Marson's profile image
Tyrone Marson's profile image
Tyrone Marson
  • Rental Property Investor
  • from Baltimore, MD
  • Member since May 25, 2020
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Tyrone Marson's profile image
Tyrone Marson's profile image
Tyrone Marson
  • Rental Property Investor
  • from Baltimore, MD
  • Member since May 25, 2020
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Tyrone Marson
  • Rental Property Investor
  • Baltimore, MD
88
Votes |
212
Posts
Rehabbing & House Flipping

Renovation Project Downpayment

Tyrone Marson
  • Rental Property Investor
  • Baltimore, MD
Posted

Is it ok to pay half of the downpayment for a project upfront and the remaining half after specified scope of work milestones are correctly completed by the GC? Typical downpayment is based on the project cost which could go up to 1/3 of total cost.

Baltimore, Maryland
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Tyrone Marson's profile image
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Tyrone Marson
  • Rental Property Investor
  • from Baltimore, MD
  • Member since May 25, 2020
Connect

User Stats

212
Posts
88
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Tyrone Marson's profile image
Tyrone Marson's profile image
Tyrone Marson
  • Rental Property Investor
  • from Baltimore, MD
  • Member since May 25, 2020
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Tyrone Marson
  • Rental Property Investor
  • Baltimore, MD
88
Votes |
212
Posts
Tyrone Marson
  • Rental Property Investor
  • Baltimore, MD
Replied

@Alan F. Thanks

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