Being an investor with a developer

[Julie Verardi]

I live in the NYC area I was wondering if anyone has ever been an investor for a developer for a funded investment in Brooklyn? Or in general have been investors with developers in their area? I found a company that came recommended from a mutual friend. He's an architect and has been in business since 2006. The fund would be investing 100,000 for 5 years and getting an estimated return of 18 - 24% annually over the course. Again nothing is guaranteed but his track record shows promising. It would be in 5 small rehabs for buildings in green point BK.  Any words of advice?  With the market being so hot for sellers I thought maybe this would be an interesting route to go down. Curious as to what peoples take are.