Amongst the common misconceptions I see by posters on BP are that hard money loans are junior mortgages to fill the gap between institutional financing and down payment; that it is in lieu of down payment so the borrower can acquire a property with “no money down”, and that it is money borrowed to use for an earnest money deposit.

It's not a big hit to me if both projects go to zero, but I'd still like to know what's going on given that the group has missed two reporting periods.I know that this kind of thing has been somewhat common among syndicators in the past year or two due to financial challenges but I don't think rising interest rates should have hurt these projects much.

One accountant said it’s not subject to self employment tax since it’s considered passive (but origination fees and other loan income fees are subject to it.

I always knew this was a common problem in the real estate space and I was always curious as to what was the underlying issue.

Thanksbala Yes, my exact situation is a fringe one, but having vouchers change values is extremely common.

The most common portals I found in my search were: Syndication Pro, InvestNext, Groundbreaker, Investor Deal Room, Cash Flow Portal, and Juniper Square.

A common structure is either a debt arrangement (where the investor loans the money and gets a fixed return) or an equity split (where they share in the profits).

BTW, a common misconception is that hard money loans are used when borrowers are “short” down payment money.  

What are your thoughts  on walk-through  bedroom houses  as a  long time rental property  as young investor they are very common  in my area and would make a good  long term  rental by number, What are the pros  and cons .

That is actually pretty common, although the law regarding filing the tax exemption has changed in the past couple of years, before you could buy for example a house any day in 2024, but the new tax exemption could not be filed until Jan 1, 2025.