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Updated over 14 years ago on . Most recent reply

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153
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George Moehlenhoff
  • Investor
  • St. Louis, MO
44
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153
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Risks associated with this situation?

George Moehlenhoff
  • Investor
  • St. Louis, MO
Posted

So I'm evaluating a property that has steam heat/window ac units. All the comps have forced air. All bids I have gotten are 10-15k, but I have a contact who is licensed and insured who could do it for maybe 50% of that price. Problem is it would have to be "under the table". What are your experiences with situations like this? What risks am I possibly assuming by not getting an I-9, etc etc.

Set me straight BP, thank you in advance!

Most Popular Reply

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978
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Aaron McGinnis#4 Contractors Contributor
  • Contractor
  • Atlanta, GA
985
Votes |
978
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Aaron McGinnis#4 Contractors Contributor
  • Contractor
  • Atlanta, GA
Replied

I guess I'm just in disbelief that it'd cost that much. For $15k, I'd better be doing a full-blown install of a couple of 5 ton units.

If it really is that expensive, at the very least get some $11/hr workers to take out the old boilers/radiators/ect. then take them to a metal recycler and sell the metal for scrap.

Doing things this way is a risk for you. You get no meaningful warranty, you may be violating local laws and building ordinances, and you have no real assurance that the guy isn't installing stolen property that grew legs and walked out of his employer's warehouse.

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