Investment Project with friends delayed and costs increased
Hi everyone, I have invested in an SFH construction project with some friends. My investment was $25k and project completion was May 2021. I paid them in Dec 2020. Due to the recent housing crises, the project saw delays and costs go up. No updates were given on why procurement was not done earlier as they had all the funds in hand.
From May it got pushed to July and then September. I pumped in an additional $5k (not mentioned initially) and the project is on track to be 80% complete by the end of Sep 2021. We have an LLC for the project. My concern is I am getting worried about the additional delays and the house might be done in the winter season. What are my options for due course?
1. Asking for additional reimbursement for the delay (as my money was tied up) and could have been invested elsewhere since May (opportunity cost).
2. Pursue legal action (friendship could go sour).
3. Just stay mum.
Any feedback would be appreciated.