When people here send me private messages or ask me on a call, one of the many things I'd tell them if they want to buy pre-construction is to check the developer's construction license and that it complies with the zoning rules (and I'll tell them if I know what those are).You woudn't believe the amount of people that are ready to put a sizeable amount of cash on the table but won't spend the little extras needed to make sure they don't lose it.

I understand most East coast and mid west sellers and buyers insist on going to the closing office and sitting around a table..

I'm particularly passionate about Muti-family, buy and hold, and lending.Outside of real estate, I am a contractor with over 35 years of woodworking. we as a company have done ever thing from large conferences tables , to President Obama's front porch.   

Appreciation in class A is not going to put food on the table right away.

@Jon Sidoti I just had to table a project.

Its the classic financial philosophical clash between Dave Ramsey's debt-averse approach and Robert Kiyosaki's leverage-focused strategy.

So now we have conditioned when a person leverages self to the gill's, taken on mountains of debt and the grand some of there career is waiting tables or making coffee and some toilet-paper degree that a bajillion others also have, and maybe a few years experience at best. 

I lived for free and did just fine waiting tables!

@Guillermo Kennedy, it's certainly possible to use the existing LLC as a joint venture entity; the legally binding agreement here would be amending the existing operating agreement and updating the current cap table to reflect the new members of the joint venture.

I actually partnered with a GC on this one and traded equity for them bringing some funds to the table but mostly bringing project in on time and on budget.