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Updated over 5 years ago,
Electrician Wants 50% up front
Flipping my first house and first time dealing with sub-contractors. The electrician that gave the best bid wants 50% up front. I balked at that and he said he can do 25% up front. He said he doesn't want to fund it himself and I told him that worries me if he can't fund a job this small. He said it's not that he can't, but he doesn't want to. I live 8 hours away from this job.
I'm using a rehab loan with a local bank and they have a draw schedule, which I doubt includes up front payment.
What is the standard?