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Rehabbing & House Flipping

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Roy Gutierrez
Pro Member
  • Investor
  • Oak Park, MI
47
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299
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Contractors wanting to get paid cash

Roy Gutierrez
Pro Member
  • Investor
  • Oak Park, MI
Posted Apr 17 2014, 21:59

Hi guys,

I'm sure a lot of you, actually I'm sure ALL of you have run into contractors that want to get paid cash, no receipt, there's one that I know does good work he offers a very good price but he wants all cash, what's your take on that? How do you handle workers that want to get paid cash for significant amount of work? If I go with this guy, I want to declare the expenses but there's no record of me paying him and I'm not sure I feel comfortable with this especially if it affects my taxes, I'm going to ask my accountant but I would like to hear your investor input.

Thanks.

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