Additionally, I would like to attempt to do the process Owner/Builder with subcontracting work out as well as doing some of the work I'm comfortable with (I have some experience with bathroom & kitchen remodeling an am not new to the construction industry).

I’d love to hear your thoughts, advice, or any experiences you’ve had with similar situations.

I am not calling them a scam, but based on my experience up to this point, they are not in a position right now to provide the customer experience necessary for the associated 50k fee to join.

This conversion will begin at the end of the month.I am just sharing the above to give context to my level of experience with this type of investment.I look forward to hearing from you all.

I have over 30 years experience in operating office buildings in NJ and would be will to run the operating arm of these investments for a % of the deals.

What has been your experience with LENDBASE? 

Here is my list of the most dangerous real estate related investments for the “non professional” investor lacking direct knowledge  and experience in these investments 1.

The data @Devin Conley posted is pretty solid from my experience (I do not know Devin nor how he sourced the data, just going by my own investing experience).  

Even if they do have 20 years experience...how do you know really?  

Plus, I get to experience all kind of great people, food and culture in the meanwhile.