hello, im a hvac /plumbing contractor and have done rei in the past and present. here is my idea and question. we have a property free and clear that  is 3.5 acres with income of $2500.00 of rent per mont on 4 old buildings. we did a market analysis and plans 3 years ago to build 72 apartments. everything looks good as far as zoning and city permits. the budget was 3.2M the property itself is worth 450k and the bankers gave us green light.we didn't move forward with it because os the risk of it, we forecasted that we would end up owing more than 2.5 M and we did not wanted to risk that much by ourselves. 2 years ago someone built 30 apartments lest than .5mille away from the property and they have 75-80% occupancy already.talking with my wife we come up with this idea, since we know construction business owners on almost all the trades and have done business with them and a person familiar with apartment building construction on the past. we would like to form a partnership with couple of them where they can own part of the business in exchange of their work (trade) and if any one wants to be more involve and want to put hard money their % would be more.do you think it can be done any legal issues? 

I will only buy something if it cash flows at $300 a mont, on hard money.I am fortunate to have 2 flexible lenders.One has a rate of 13/3 for 6 months with 6 month extension at 1 point.The other is 5/15 and typically does a 12 month, and you can extend for 12 months for 5 points :wowo: BUT if you talk with your lenders they can be reasonable.

@Joe Montone I have been a property manager in Victoria, BC (Canada) for several years.The basic concept of property management is the same in both the US and Canada.  

Originally posted by @Joe Montone:@Rob Quinn any luck with this search?  

Thanks, Joe Montone !!!

Lopez, le agradecería si me pudiera compartir el contacto de un contratista serio, yo también soy nueva en este negocio , ayer estuve a punto de firmar un contrato con una casa de Wholesaling que tenía un montón de banderas rojas, por suerte lo hice revisar antes de perder $7K por mi inexperiencia, no me quiero dar por vencida antes de tiempo pero si estoy buscando la mayor cantidad de información y ayuda personas como usted que ya están en este negocio , ojalá pueda ayudarme con alguna clase de información y advices ,,, gracias anticipadas  

Bring credit...I didn't know Monton was te most affordable country in Canada, thanks for the respond was well.