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.
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 4 years ago,

User Stats

134
Posts
100
Votes
Will Kenner
Pro Member
  • Rental Property Investor
  • Seattle
100
Votes |
134
Posts

When to get a lien release?

Will Kenner
Pro Member
  • Rental Property Investor
  • Seattle
Posted

Hey BPers, 

I'm nearing the completion of a rehab of a triplex unit and was curious if I should get a lien release when I make the final payment. I've done lien releases before, but they were for large renovations ($175k+) and I was using companies that were specifically a contractor - all work was done by subs. In this latest rehab, the project is slated to come in around $25k and the vast majority of the work has been done by the contractor himself, with subs being used only when required by code (certain electrical work, plumbing, etc) My thought is, asking for a lien release can't hurt, and worst case overkill for such a small project. At the same time though, getting one could prevent significant headache after that last check is cashed and I have knocks at the door / phone calls from workmen. For those who do rehabs/renos/flips, what say you? 

Loading replies...