- If your uncle is providing all of the funding and handling the construction costs, the 33% share to the engineer might reflect a major role in the development process, such as managing zoning, permitting, or complex site engineering.### 3.

In my experience in foreign countries, there is often less consumer protections/ no central MLS or licensing/ greater risk to the principals, much more red tape, and overall higher transactions costs than here so it's important to look at the whole picture not just the commish %.

Two things stick out to me on this post - start at the beginning of this thread - definitely red flags were discussed two years prior.Second is it has been 90 days so I am curious if everyone got converted to equity and what has happened since ? 

To me this is very market dependent and product dependent.. in our Market some developments that are red hot that Lennar owns they might only offer 5k on a 600k sale.

I was approached to help buy land that has been zoned for 34 townhomes at $2.7M (would be me and a couple of investors).

What’s the biggest red flag you watch for when vetting borrowers?

Zone in on your buy box.  

The previous owners did a do-it-yourself remodel which had tons of red flags if I had taken the time to cross-reference the sellers disclosure with the inspection report, but at that time the market was hot and I had to move fast.

But there are also some real challenges, like dealing with lower tenant quality on average, the extra red tape, annual inspections, and the longer time it takes to get tenants placed compared to the open market.

I just signed for their newsletter and received a signed copy of Burn Zones.