You have NO leverage, no matter what he builds or does not build, except for the developer saving some money in legal fees and cutting down on mesne profits damages.

I told them that I work with real estate investors that would be able to help them and put some money in their pocket to help them with their crushing debt and bills so they wont go into foreclosure on both houses How did you finance this deal?

I told them that I work with real estate investors that would be able to help them and put some money in their pocket to help them with their crushing debt and bills so they wont go into foreclosure on both houses How did you finance this deal?

One of the biggest mistakes newer investors make is over-rehabbing houses and spending too much money on these low ARV homes.

While I am a lender, I personally use hard money on all of my own investment projects.

Always hard money lenders at the meetups and normally some wholesalers as well.Just remember your best deals are probably not from wholesalers, but the deals you generate yourself. 

I won’t lose any money or no recourse for defaulting? 

Not every BRRRR deal BRRRR's out completely, something the "no money down" gurus don't like to talk about.

Less money on your part and you can pocket the profit between the actual rent and what you charge the others.Good Investing...

How much money is paid to GP’s for work done?