Its a good thing they profited, because projects can go south sometimes and then that really hurts.  

Investors can expect an unprecedented projected profit of “32.89% cash flow, 48% return on sale, total return 81.38%,” (28:12).

I graduated with a degree in construction management, moved to Dallas Texas to work with a large construction company building projects anywhere from 30 million on up to 1.2 billion.

—----------------------------------------------------------------------------------------------------------------------------Subcontractor Agreement TemplateThis Subcontractor Agreement (“Agreement”) is made and entered into on [Date], by and between:Contractor: [Full Name/Company Name] [Address] [Phone Number] [Email Address]Subcontractor: [Full Name/Company Name] [Address] [Phone Number] [Email Address]Project Details: Project Name: [Project Name] Project Address: [Project Address] Project ID or PO Number: [Internal Identifier, if applicable]1.

Borrowing against your paid off house without an income puts way too much pressure on the success of whatever deal/project you decide to pursue. 

Based on how many people have moved here from other states (specifically California, Oregon, Washington, and then a few areas like NY/NJ) along with the amount of redevelopment projects and the chip factory that was put in - I think there will be further appreciation for the foreseeable future.Will Phoenix economy be depended on this chip factory?

When you start to do a lot of projects, 50% is a lot of money to go out when you are scaling, finding deals, and doing all the other footwork.

This will give you some info so they are not guessing on what will be needed (they probably already know rough numbers, but each project is different).

Feel free to reach out if you need any recommendations or assistance with your projects.

Long story short, it has been over a year and the project remained incomplete and he walked away with the money.