They will typically take a cut of the development fee and it’s worth it.

A BRRRR, for example, is a cute term, but what it really means is that you are buying an absolute disaster of a property without fully knowing all of its problems until you own it.

Let them build through hard work like teaming with reputable operator who may take a cut but own the project etc.Neal Bawa and associated companies are another bunch or lier’s who project rosy picture to sign up people but fial to deliver.Those two have made my experience with real estate very companies very negative.

Yes we were successful winning bidding wars 3 months ago using the family postcard technique;) Basically, we added a cute picture of our family along with our offers (which were based on conventional financing) and our “humanity” made us win over the cash offers.

They could work with an existing lender, do some marketing to help broker, get a cut and make FARRRR more $ with zero risk vs this EMD lending. 

I am acutely exploring new construction options in NC right now, I would love to connect it seems you have a lot of know to share :)

"You’re Taking a Cut as a Middleman, Making It Worse?"

A Cut Above lawn and landscape out of Andover is run by my partner Andrew.

I wouldn’t go as far to say it’s a scam, but the amount they’re taking as a cut is unheard of in the industry. 

Over the last few weeks, Fed board members have been signaling that a cut is in the making.