But for now, I'm letting the "gambling" money ride on black.

Looking for a "sanity check" from the expert community.

Wife and I purchased a home in 2005 for $360k with one of those wonderful 80/20 interest only heloc deals and I am paying about $1300 per month (3.25%) plus tax...

The best developers don't gamble.

I decided that the only explanation is the smaller guy bid and he hoped/gambled I just got one bid, and the winning bid had sunk costs in trucks and crew so it is more about getting every job they bid and making more on guaranteed volume vs fewer jobs but higher net per job. 

I would not take it lightly either .. this is almost setting up for an episode of American greed  :)   is this the episode where we learn he gambled away all the security deposit and used them for lavish trips and lingerie for his wife? 

Listen to that man, he knows his she-at.Anyway, just wanted to chime in and say that the sub2 thing is taught as a way to do deals when you don't have money, and its possible to do things that way, but its a gamble and one you're taking with someone else's credit.

@Joe Kim  As long as you understand it's a gamble with a calculated risk and you are willing  to accept that,  then the only disagreement we have is one of individual risk tolerance.  

I've never done a deal with a seller who would be at risk, and gambling with someone else's livelihood is just not something I am comfortable with.  

I don't gamble.

Brittany Gamble was mine and she was amazing as well.After you close you can submit online for the first 10% initial draw to get the project going and order dumpsters or what ever you need.