Potential investment / ownership opportunity with a builder

[Brian Cepelak]

Good morning BP,

I have an opportunity to invest with a small local builder who has purchased multiple lots all within the same sub-division.  Some questions...

Whats the best way to paper up the deal? LLC / Trust

What pitfalls do should I watch out for?

At what stage should funds be released to the builder during the course of the build?

I greatly appreciate your advice and experiences.