All Forum Posts by: David Duron

Sounds good, I'm looking at things from the investor perspective, not the builder. Are there hard rules for how this is handled. Is it common knowledge as best business practice or actual business law?  

Are there any info/links I can research? Particularly for the state of IL.

Appreciate the feedback.

What rules or guidelines do you use regarding what you can bill back to the project. I'm trying to figure out certain expenses and should they be categorized as personal or charged back to the project. Subsequently, reducing the profit split (50/50) between developer and investor.

For example, food bought for the crew, daily expenses such as gas & labor paid for with cash (no receipt).