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Updated about 3 years ago,
A riddle for Christmas
So I recently took on a new roofing company to do a big job on my home duplex. I have never worked with this company before. We agreed on $10,800 to cover my box gutters, shingle over them, repair or replace the fascia and soffits, install new aluminum gutters, and put in new downspouts. On 3/4 the duplex, this is a two-story job, the last quarter is three stories up. The existing box gutters, soffits, and downspouts are in terrible shape. The existing fascia are doing better, considering. It's a good price. Not an extraordinary price, but plenty fair.
I have a number of other good-sized roofing/siding maintenance and repair projects (at least $45K) waiting in the wings that I have not discussed with this crew.
Our payment arrangement is very straightforward, a 50/50 split: $5900 at the start and $5900 at the end.
I cut my check on Monday, and it looks like the best of all possible outcomes is happening. It's Christmas Eve and the crew is STILL out there, working hard, getting it done. More than 50% of the job is finished, including the most difficult part, and I like the looks of it. With luck they will finish, and I will pay them the rest of their money, and that's that.
So here's my Christmas riddle to all of you out there.
If the best logical possible outcome (for an investor like me with plenty of work for this crew waiting in the wings) from the moment I handed over the initial check was that this crew would do a bang-up job and successfully cross the finish line and then get paid the rest of the money for this project, and we'd go on from there...
WHAT WOULD BE THE LOGICAL SECOND-BEST OUTCOME FOR AN INVESTOR IN MY POSITION (STARTING FROM THE MOMENT I HANDED OVER THE INITIAL CHECK)?