Quote from @Tim Kirchner: Recently been promoted to store manager at a major flooring store just North of Houston.

I don't know if this is self promotion or simply an education. 

Many education programs that could be scams promote junk services and the quality of all they sell or promote is definitely junk. 

GP doesn't charge any fees, 7% preferred return and 35% promote.For 5-7 year hold periods, I'm seeing target returns closer to 15-25% IRR and 1.6-2.2x equity multiple.It's more common for GPs to charge fees (acquisition, construction, management, etc.) and take a lower promote around 20-30%.

**Ownership & promote structure:**     What feels realistic in terms of:   - Percentage ownership to land contributor vs. cash/equity contributor     - Developer promote / waterfall so the sponsor is properly incentivized, but the landowner still participates in long-term upside?

Then when your promotion rate is expiring, you move the remaining balance into a lower interest option.

You are promoting a bunch of BS, and people are going to get hurt.

Finding lenders that provide what they promote. 

"without using any of your own money"  This pitch is designed to attract people that have very small amounts of money and get them to pay the promoter. 

Even people who once promoted them are now calling them out.