His terms were a 7% interest rate, payable monthly and 5% of the gross sales price of the final purchase price, and his investment would be secured by a second lien position to the bank’s 1st lien with the new construction loan.My wife and I secured a new construction loan with a local bank at a 5% variable interest rate.

This enables them to account for all income and expenses for the calendar month before paying out the owner draw in publishing your statement.I pay my owners around the 10th to 15th of each month, which is more common and what most owners expect.

@Andrew Neaville David Greene also wrote a book published here on BP on BRRRR investing. 

Next year I will have between $100k - $200k to invest in real estate.I've read a number of books about real estate investing, including some from the Bigger Pockets publishing.

/edit 10% interest, payable when you sell the property is a good deal though that you likely won't beat with a HML.

@Katie Miller - When is the BiggerPockets Publishing book on Syndication coming out?

I will be publishing a press release as soon as the lawsuit is filed. 

@Timmi Ryerson, @Christine G.Here is link to free access to the Building Codes from the ICC who publishes all codes. 

Anyway, I am back to my XV6700 PDA phone through Verizon.Give the other reviews published I have not heard of things that do not work or bugs.Can you detail what the problems are?

(there's 2 revisions of the book each ten years apart with the original being published around 1960.)