That means we've gone through all the horror stories, scammers, folks running off with money, shoddy work, etc.So you'll probably find few, if any, folks willing to hand those relationships over.My advice would be to test folks out on small jobs and work them up to doing larger ones.

It seems to me they pool their money and buy a house for cash- thereby not dancing with the devil.

To me paying 1% extra on a loan for 3 years and saving some money on down payment not worth the risk.

The goal is to buy their home before loosing it back to the bank and in alot of cases we are able to buy and give them money to move onto the next stage of their life.

During this time you are not generating any return from the money invested in the ADU.

Other higher fees will cover that “savings” and they’ re title policies exempt a lot of potential liens (code violations, utilities, etc. that are not recorded liens at the time of closing but Do become tour responsibility.

Due to significant increases in property values in recent years, the 10% cap statutes have led to substantial tax savings for many Florida property owners.

Hey Stanley, I'm a hard money lender based out of Orlando.

just be cautious when it comes to using these. ensure you've got a plan to pay that balance back in a relatively quick fashion as most HELOC rates can fluctuate which could make the numbers suddenly not work. i've leveraged mine in instances where i'm doing a BRRR and i want the deposit for a private money loan. i'm not using it as my downpayment and leaving it out there for a long period of time. 

This is going to save you time and money.