Development is a fun and frustrating venture, but Real Estate is still a good place to find a win.  

Many developers leave the tubs without even a hanging rod which looks incomplete.

I don’t mind having skin in the game either, but I know using private money is key to scaling one day and would like to get some experience with it now, even if it doesn’t fund a majority of the deal. 

I’m currently evaluating whether to go with a Fund Model instead of a traditional JV for an upcoming multifamily project, I will be working as a developer looking to do work with a more experienced developer on a larger scale multi-family opportunity.

Throw in some washers and dryers in the units—it's a game-changer.

If appreciation is not there, however, it seems like a potentially long waiting game to see if your $60k investment today returns anything meaningful in the long run. 

So they started doing the loans that everyone else turned down, ultra high risk development deals, second mortgages, land loans at ridiculously high LTV, loans where the borrower has none of his own capital invested, 85% of AFTER stabilized value loans.  

A good one will also have skin in the game and will even be able to bring new acquisitions to your attention.

we are build to rent developers in columbus ohio. we a direct builders for investors around the country. we don't sell on the open market we build from scratch and it's very relationship based. it's very different but I would consider us turnkey. we build at 75% of market value with land and investors can refinance out and do it again and gain approx 100k equity each time. ours is an infill triplex in columbus ohio. that's just my 2 cents. turnkey is deal by deal 

There is really no reason to roll the dice in a craps game.