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.
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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 over 4 years ago, 05/08/2020

User Stats

399
Posts
222
Votes
David de Luna
  • Rental Property Investor
  • NorCal
222
Votes |
399
Posts

Planning out the Rehab Draws

David de Luna
  • Rental Property Investor
  • NorCal
Posted

I'm looking for some collective wisdom to chime in with their own experience on this. I want to give my rehab crew all they need to get the job done but want to protect myself by ensuring the final draw is large enough to motivate getting the project done completely, yet not so large that they have to come back to me for some of it to buy materials. The final draw isn't paid until the final walk-thru is done. So I'm trying to figure out what's the best way to line up tasks so that the final draw is more labor than materials. Or a better way to ask this question is what's your method for scheduling draws so that you're not left with only $1000 to pay at the final draw. Hopefully, I'm making sense.

Loading replies...