Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

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.
Rehabbing & House Flipping
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 almost 11 years ago on . Most recent reply

User Stats

299
Posts
47
Votes
Roy Gutierrez
  • Investor
  • Oak Park, MI
47
Votes |
299
Posts

Contractors wanting to get paid cash

Roy Gutierrez
  • Investor
  • Oak Park, MI
Posted

Hi guys,

I'm sure a lot of you, actually I'm sure ALL of you have run into contractors that want to get paid cash, no receipt, there's one that I know does good work he offers a very good price but he wants all cash, what's your take on that? How do you handle workers that want to get paid cash for significant amount of work? If I go with this guy, I want to declare the expenses but there's no record of me paying him and I'm not sure I feel comfortable with this especially if it affects my taxes, I'm going to ask my accountant but I would like to hear your investor input.

Thanks.

  • Roy Gutierrez
  • Most Popular Reply

    Account Closed
    • Dallas, TX
    744
    Votes |
    4,988
    Posts
    Account Closed
    • Dallas, TX
    Replied

    It depends on the amount and how much of discount they are giving you.

    Joe Gore

    Loading replies...