Are you needing a long term or bridge loan?

I would like to build a duplex on it for long term rental income.

I would also weigh if you plan on staying in the home you are in now for a long time or move in the next 5 years.

TECHNICALLY, this falls within the long-term laws because there are only 2 categories - long-term or short-term.

If you have favorable terms on those first mortgages, you might find that a HELOC or a second-position loan is more cost-effective than doing a full refinance or a DSCR loan.

Quote from @Chris Seveney: For those experienced in private lending: This question was posed to me in my membership group from an investor:What strategies have been most effective for scaling your loan volume to $5M+ per month?

Why do you say its bad for the original owner long term?

If the market continues to appreciate, holding the property could yield more long-term equity gains.

I know i personally wont build anything with adjoining walls as the long term liability is to much risk for me.

It’s a cleaner, more reliable solution, and while the higher subscription cost can feel like a drawback, it’ll save you a lot of headaches and time in the long run.