ilmscore | Prediction Details
"The problem with that is since there is no contract, there's nothing stopping the contractor from saying, "Well, I'm going to put a lean against this property since you're not paying me for work that I feel like has been done already." And it's really just your word against theirs. And it's very easy in almost every state for a contractor to just put a contractor's lean against your property."
By BiggerPockets | March 25, 2025 | Pending
From video
How to Find a Contractor Who Works FAST & Scopes Properties FOR You 00:11:03 - 00:11:22
Interpreted Prediction
Without a contract, a contractor can easily place a lien on a property if payments are withheld, leaving the investor vulnerable.

Prediction Details

Topic
Contractor Contracts

Comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.