You can pay a contractor what they are owed. But if they do not pay there people, then those sub-contractors can put a lein against your property. Get a lein waiver before you give out a check.
101 Street Smart Cash Flow Accelerators
Lou Brown has been buying, selling and holding property for 40 years and you are about to discover what a lot of so called gurus are missing.
* How to buy all the property you want without ever visiting a single bank or needing to qualify for a loan…
* How to have a buyer or renter before you even buy property…
* How to have them already pay you money before you sold them anything…
These are exactly the kinds of deals he does day in and day out. Most 'investors' are getting it wrong. It's not about the property, it's about the buyer. Buying right and buying cheap is what you'll do after you have the buyer.
Join me here for my 101 cash flow accelerators where I
help you to build your business, grow your business, and support you and
protecting you from the mistakes that I've made in my business over the years.
Always be sure that we get a lien waiver from all the contractors that are
working on the project, not just a general contractor. You see the general
contractor can give you a lien waiver, but what if they don't pay the under
contractors, the subcontractors that have been working under them? The problem
is this, if they've done work on your project and they haven't been paid, they
have the right to come in and lien your project. Oh my gosh. What miserable
time in your life would happen when you actually have to pay twice for the same
work? Yes, pay the general contractor and now I have to pay the subcontractor
again.
help you to build your business, grow your business, and support you and
protecting you from the mistakes that I've made in my business over the years.
Always be sure that we get a lien waiver from all the contractors that are
working on the project, not just a general contractor. You see the general
contractor can give you a lien waiver, but what if they don't pay the under
contractors, the subcontractors that have been working under them? The problem
is this, if they've done work on your project and they haven't been paid, they
have the right to come in and lien your project. Oh my gosh. What miserable
time in your life would happen when you actually have to pay twice for the same
work? Yes, pay the general contractor and now I have to pay the subcontractor
again.
That's not too much fun. Don't ever assume that your
general contractor is going to pay the subcontractors. Always get a lien waiver
from everyone that's working on the project. Now we divide up our payments into
segments so that during that segment, let's say electrical or plumbing, then
we're expecting to see a lien waiver from that electrician or that plumber. And
if you have any concerns about whether that's legitimate, call them direct and
make sure that they said absolutely, I signed that lien waiver so that you can
pay your contractor. Hopefully that's been helpful to you. You can learn more
in my renovations, volume 11 StreetSmartInvestor.com visit there go to tools
and under tools. You'll see all my different systems from having been in this
business for over 40 years, buying, holding, and selling property. Hopefully I
can help you to build an amazing multimillion dollar business. Love to share
with people how they can duplicate what we've been able to do in this great
industry of ours. If this has been helpful to you, like it, love it, share it
and I'll see you soon. Yeah, baby.
general contractor is going to pay the subcontractors. Always get a lien waiver
from everyone that's working on the project. Now we divide up our payments into
segments so that during that segment, let's say electrical or plumbing, then
we're expecting to see a lien waiver from that electrician or that plumber. And
if you have any concerns about whether that's legitimate, call them direct and
make sure that they said absolutely, I signed that lien waiver so that you can
pay your contractor. Hopefully that's been helpful to you. You can learn more
in my renovations, volume 11 StreetSmartInvestor.com visit there go to tools
and under tools. You'll see all my different systems from having been in this
business for over 40 years, buying, holding, and selling property. Hopefully I
can help you to build an amazing multimillion dollar business. Love to share
with people how they can duplicate what we've been able to do in this great
industry of ours. If this has been helpful to you, like it, love it, share it
and I'll see you soon. Yeah, baby.
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