@Karen SmithAs jay mentioned private lending has been around forever and it’s really not on the rise - I think it’s always been a large player in the real estate investment space for short term loans.

As interest rates rise, they naturally cut into potential cash flow on a property.

I made the mistake of letting someone get in one of my first units that was a bit off the 3 times, they were great tenants very kind and enjoyed their stay and experience with me, but could not afford it when I increased the rent on them, which is something you will have to do because of rising insurance/tax costs.5.)

A garage conversion, however, may not be subject to the same level of scrutiny.Parking Considerations – Parking is becoming increasingly valuable, especially with the rise of high-density micro-units that often lack designated parking.

There are several factors that affected my decision, the first being the rising condo fees. 

Without standardized processes in place, costs can rise quickly, timelines can stretch, and profits can dwindle.- Standardized Renovation Models: Establishing a clear scope of work for different property types can help manage costs and reduce unnecessary decisions.

Even though buffeted by high interest rates and spiking insurance premiums, overall prices are still rising.

A few others have me mentioned other rust belt cities reviving because of cheaper housing prices, rising rents, and new business moving in.  

So, If I put in $500,000, the total amount of shares rises to $1,500,000 and I own 500,000 shares while my partner still owns $1,000,000. 4) When we sell the property at a profit, the net profit will be distributed based on a percentage of share ownership.

Once the property is sold, the county will reassess it at market value, meaning your property taxes could rise significantly.