![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2807171/small_1694578533-avatar-motun.jpg?twic=v1/output=image&v=2)
19 August 2023 | 4 replies
Aside from asking if they can do some work, when you decide on the scope of work draw up a clear contract that includes milestone payments for hitting certain benchmarks in the project by certain dates.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/488295/small_1623529378-avatar-chaij1.jpg?twic=v1/output=image&v=2)
21 March 2016 | 56 replies
Third, if it takes you 10 years to get $13k/month, you're in the wrong market...and you're doing it wrong.What you need to do is define a more detailed set of financial goals, that involve specific income to pay off your total personal debt (profits) and your monthly bills (cash flow), and break them down to a series of "measurable milestones".
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1415981/small_1621512083-avatar-jeffb416.jpg?twic=v1/output=image&v=2)
7 September 2020 | 16 replies
I am looking to hit certain cash flow milestones and allowing the business to become self-sustaining without my current career injecting financing into the business.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1038012/small_1647009151-avatar-hannahk11.jpg?twic=v1/output=image&v=2)
11 April 2020 | 23 replies
Yesterday we finally hit the listing milestone for a live-in flip that was a whole year in the making.We bought this 1976 split-level in a smaller town south of the Twin Cities in Minnesota last April.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/783275/small_1675189620-avatar-aficco.jpg?twic=v1/output=image&v=2)
27 August 2023 | 1 reply
The problem is… we don’t have the mindset to make it to $10k a month and we THINK we get the mindset AFTER we make it to the first milestone to prove to ourselves that we CAN do it.Attribute 2.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2836329/small_1694586330-avatar-johna1087.jpg?twic=v1/output=image&v=2)
13 September 2023 | 2 replies
As far as paying the contractor’s, I would use an escrow account that funds can be released at milestones laid out in the contract.When it comes to contracts, it’s as simple as agreeing on schedules and such and have it written up my an attorney.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/263074/small_1694930411-avatar-williamk1.jpg?twic=v1/output=image&v=2)
14 February 2022 | 11 replies
If this is the PM's responsibility then they must detail the exact milestones with dates and amounts.Penalty Recourse: There needs to be recourse for the tenant and PM to get you paid in full.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/555945/small_1717510928-avatar-williammoya.jpg?twic=v1/output=image&v=2)
31 October 2022 | 4 replies
Depends on their role, if they're overseas and just making the calls i'd bay them a set dollar amount per milestone they hit.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2461964/small_1673501125-avatar-vishala23.jpg?twic=v1/output=image&v=2)
4 September 2023 | 9 replies
Pay your contractor in draws according to milestones.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/873703/small_1621504775-avatar-adamtafel.jpg?twic=v1/output=image&v=2)
7 December 2019 | 56 replies
Home ownership is completely out of reach, she got bad advice from her parents regarding her education, and feels like a “moral failure when [she] can’t reach these milestones”.