Most people pay contractors upfront and tie up cash. Instead, pay a small deposit, have the contractor complete 95% of the work, then call your lender for inspection. Once they release the full loan amount, use that money to pay the contractor's final invoice. You keep your cash and use the lender's money instead.
This is how you make your money stretch, right? So you see with the electric, the electrician came out and he did 90-95% of the work, right? So we just paid him the deposit to buy the material, which you can use on your credit card and buy the material yourself. But like I told you, how the lender gives you the money back off of what you spent. So they're expecting you to pay the $10,000 for the electrician, they give it back to you. But the electrician done like 95% of work. What we do with— you get the guy that just left we call the lender to come back and he's going to see damn near this is pretty much done. It's just a couple odds and ends that the electrician didn't do, but he can't really see that. So now they're going to wire us that full $10,000. So when the electrician is actually done, um, over the next day or two, I'm already gonna have the $10,000 in my pocket cash to go and pay them out
