Appropriate to pay speciality companies with lien waiver?

Question

Is it appropriate to pay specialty companies (such as plumbing & electrical companies, etc.) through a title company with a lien waiver when flipping a property? Or, is it only appropriate to do that with 1099 independent contractors?

Sharon Rosendahl · Answer

Contractors should know about lien waivers. They are very common.

Devin Bost · Answer

How often do subs push back against the process? Or, is it something they're quite familiar with?

Greg Dickerson · Answer

Yes you should get lein waiver from all subs and suppliers. You can do this yourself and pay them yourself but most states require it to be notarized.

Wayne Brooks · Answer

No need to pay them”through a title company” to get a lien waiver(Final Release).....and if you’re talking about “at closing”, few will wait that long.

Appropriate to pay speciality companies with lien waiver?

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