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Updated about 8 years ago,

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1,413
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James Masotti
Pro Member
  • Rental Property Investor
  • Washington Township, NJ
976
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1,413
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Paying contractors via wire transfer

James Masotti
Pro Member
  • Rental Property Investor
  • Washington Township, NJ
Posted

My contractor is asking for payment via wire transfer. Is this common practice for investors? I don't have an issue paying the fee on the larger draws to make sure he gets paid faster (I'm an hour away and sometimes take a day or two to get a check in the mail, so it's more fair to him). But just curious is this is common practice for other investors to do, especially ones that are investing at a distance.

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