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Updated about 5 years ago on . Most recent reply
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Contracting labor for equity
I'm looking to capitalize on a unique situation I'm in. I will be losing my employment soon and plan to remodel the duplex that I house hack. My wife has a stable job and our expenses are low so that I don't necessarily need to rush back to find a job. After my remodel, if I got my contractors license, I was considering approaching other investors in my area (Delaware County, PA) with the idea of exchanging my labor for equity in the deal or even giving them the option to pay later within a certain amount of time after the remodel was complete which would give them time to either refinance or sell the property. I thought that would save the investor having to pay out of pocket for the labor or borrow additional money.
As investors, would you find it valuable for a contractor to offer that option?