Financial Backer Of Residential Home

I have been given the opportunity to financially back the construction of a residential home for a builder who has credit problems at a significantly lower than market price.

I would really like to pursue this and make a substantial profit upon sale, but want to make sure I cover all my bases before jumping in.

I have never done this before and am hoping to get some feedback from the experienced investors on this list.

I will have my lawyer draw up paperwork once the builder and I come to an agreement, I'm just looking for some input from you guys as to things I should ask the builder...

Some examples with figures would be great too.

Thanks for your input.

Merrie

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