Paying cash for pool

They want hard cash, not a check or a wire transfer?

they want 50k in cash? thats not sketchy at all.

i would never walk around with 50k in cash. ever. what happens if you get in a wreck on the way to deliver the money and your car catches fire?

IRS flags won't necessarily go off, just write the check. A report will be filed but that doesn't mean you'll get a visit from your local auditor.

In fact, if you try to withdraw in multiple smaller pieces then someone at the bank is like to notice and this will generate more interest from law enforcement b/c they'll know you're trying to hide something.

Just write one check.

If you walk into the bank and attempt to pull out $50k, odds are very good the bank won't have that much on hand. I had issues pulling out $15k once and the bank told me next time I had to schedule it ahead of time. This was about 10 years ago.

I went to Chase in Lafayette for $35K and the first reaction was that I was trying to rob them or something.

You write a check not pay with cash, as said it will be flagged, looked over, and nothing will actually happen.

There is no reason to pay for anything legitimate over $5,000 with actual cash opposed to a check.

Just out of curiosity why are large withdrawals flagged?

I assume this is a joke. I don't know why anyone would pay that much for a pool and have to ask this board advice unless you inherited some money and are blowing it unwisely.

If you are serious, you need to be aware that pool contractors are some of the sketchiest people around. My wife talked me into getting a pool and it was a pretty bad experience. The first contractor wanted a refundable deposit to give me an estimate. It took me forever to get it back after I turned down his quote. When I finally did get a $500 check from him it bounced.

The company we ended up using quit paying all the subcontractors, so I had a lean filed against my house. Fortunately I was only paying them little by little and was able to complete the pool myself and pay everyone that they owed and only lost a couple of thousand dollars. It was the last pool the company initiated before going out of business.

As I predicted, after a couple of years the kids were old enough that they were driving and no one used the pool anymore. At the time I told my wife for what the pool cost we could go to Hawaii every year instead. We've now had the pool about 8 years and over the last month I have had to spend about $8000 on it replacing the cracked coping and tile, replacing lights that no longer work, repairing the heater that no longer works, and replacing pumps.....

Just go to Hawaii every year instead.

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Just go to Hawaii every year instead.

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Just buy a house from some poor schmuck who put one in.

try offering then 50k total all in cash upon completion