Here is NJ: https://www.njoag.gov/about/divisions-and-offices/office-of-...And then you could contact SEC Enforcement: https://www.sec.gov/submit-tip-or-complaintI have found that a carefully written letter to the Syndicator, alerting him that you are suspicious, will get you a quick refund . . . under certain conditions.

Like Jay said, often, new construction does not go as planned.

Plan for the unexpected3.

I dont care if its a dollar, if someone steals from me im comming for them.  

However, you have to be extremely careful financing 100% of the transaction as you still need reserves, closing costs, etc. and make sure it cash flows.You didn't mention if this would be a rental or owner occupied. 

This is the list to not invest in without extreme careful attention to detail.Don't go where the masses are going.

Quote from @Allison Cutlip: Hi all, My boyfriend and I are buying our first home that is a duplex, planning to live in one unit and rent the other side.

Your equity is $61,400 (you also paid something to renovate but I'm not sure we need to care too much about that for this example).

Crickets...At this rate, it will be 2+ years before the project is finished.Anytime you ask for a project plan or schedule you will get vague responses with no actual plan.

Lending to Entities Only: (Not required but think carefully.)