I do not judge anyone that sees a high projected return and becomes interested.  

If you go with the partnership route1) You need to manage the money going in and out of the business bank account.2) File a partnership return and be responsible for issuing K-1's3) make distributions to you and your partner for cash flow that you receiveYou will likely spend many hours on a nice gesture.I may want to consider instead to give a christmas gift or a bonus for early completion of projects.

Part of the investment thesis was getting it for a bargain, then building an ADU complex on it as affordably as possible, getting it to cash flow, and realizing value on both the rental income but also property appreciation given the work going into it.If the property will really only be worth ~$1.70M once we are finished, I will likely just stop the project now and exit the house as soon as possible.If you do not get dollar for dollar for projects such as this, how would house flipping ever work?

My focus is on affordable housing, especially mixed-use projects that serve both residential and community needs.

To clarify, I didn’t invest in a “fund,” but rather purchased a note for a specific fix-and-flip project.

Feel free to reach out if you need any recommendations or assistance with your projects.

Orange County Projects  @Bryant Brislin

If your trying to redeploy your capital,  do you think that you can get more than 8.5% through other projects and could you do that more than once during that 4.5 years? 

@Yaroslav Shtogun assuming this is something you can tackle yourself and with your network doing the full deal would be an awesome project for you!

Plus, it would be a first renovation project, and other properties we may be able to close on are huge projects.