Your Thoughts About Shared Equity Investments?
By John DL Arendsen, Crest Backyard Homes "ADU" dealer & RE Developer
(CREST "BACKYARD' HOMES, ON THE LEVEL General & Manufactured Home Contractor, TAG Real Estate Sales & Investments)
Your Thoughts About Shared Equity Investments?I'm curious to know what lenders, investors and RE industry stakeholders think about Shared Equity investing?We've been in the Accessory Dwelling Unit (ADU) aka BACKYARD HOME business in san Diego for almost 40 years. Until recently most of our transactions have been cash, leveraging capital from IRA's, 401k's, retirement accounts, RE portfolios or conventional cash out REFI, HELOC, 2nds, etc. However during the past few years since the new California ADU laws were enacted we've been paying some attention to the companies that offer what is known as "Shared Equity" loans. Is anyone familiar with or actually used these types of loans? What is your opinion of them? What are the down side risks vs the upside potential for investors?At first I ...
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