I wouldn't recommend an ADU and take that money and invest it where you can pull capital out faster. you can do much better.

Using money from an appreciating asset just to pay your landlord doesn't seem like a good flow of money.

Originally posted by @Michael Kinsella:I would second what @Jay Hinrichs said above...there was a follow up post where someone got a loan from them but for realistic rates 8% or so and few points.. under 6% private / hard money simply does not exist unless its a family friends type situation. that bank rates or lower right now for new construction or fix flip Generally speaking, I would be highly skeptical of rates under 8% for a hard money bridge-type scenario.Hard money lenders are getting their capital from somewhere, and those investors are expecting to earn a reasonable yield.

But that honestly looks like it is all set up to try and be a banking solution (ie, get as many users keeping money in BaseLane's bank accounts so they can make that sweet sweet float on the interest.

No other money has ever gone into it, and none has ever been taken out of it.

Private money brokers can add value by thoroughly vetting lending opportunities and prioritizing client success over commissions.Stay Vigilant:Protect yourself and your clients by remaining vigilant and conducting comprehensive due diligence in all lending activities.

@Richard Schubert If the house next door is a solid enough deal you could always raise the money from people in your network to tie it up.

Well, three top reasons come to mind:It will allow you to deduct their earnings on your own tax return.It is required by law for any person to whom you paid at least $600 in 2023, total.

There are multiple billion dollar companies dumping money into the city, such as Intel, Google, Honda, and Amazon.

If you have mony in the deal and it is no longer bringing a proper return it may be time to move that money into another property that will return more.