Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Land & New Construction
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 hours ago,

User Stats

3
Posts
0
Votes
Jimmy Jeter
0
Votes |
3
Posts

New construction, 75% done. About to run out of money

Jimmy Jeter
Posted

Need some help to finish our house.  I own the .83 acre lot. My significant other and I decided to use a builder she had done business with in the past.   We are paying cash to him every week or so when he sends bill.  The deal sounded good at the beginning but thought it included his fee and it didn't so he's tacking on his 20% on every bill.  Funds are beginning to run extremely tight.   And i just wanna make sure we are prepared and can finish this project.   We currently have roof done and siding up.  Plumbers are about to wrap up. Wiring is in.  Still need cabinets vanities counters installed, floors done, drywall hung and finished. Insulation paint. Trying to get a # from him about estimated remaining cost but got nothing.   So it looks like we are already over Our expected budget and approximately 75% done in guessing.  We did give 50k deposit up front which he says he will use towards finishing up. He has not started pulling from that yet.  What would be my best route to take if we need additional finances?

Loading replies...