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Results (3,817+)
Tim Silvers Solar lien disposition on vacant lot
2 July 2024 | 8 replies
The lease is now unsecured debt… not a junior lien on the land.So, the UCC-1 is now an unsecured debt against the decedent's estate, I assume?
Gerry Cohen DO NOT INVEST with SCOTT CARSON (We Close Notes) or Inverse Asset
10 July 2024 | 256 replies
Years ago I bought sold and collected unsecured debt.
Zach Kirchoff Gap Funding/Lines of Credit
29 June 2024 | 7 replies
captial partner is probably what your looking for.I would advertise on Pace Morby's facebook lots of beginner investors on that site that might do deals like this .. most experienced investors wont do gap funding based on risk. 350k unsecured line from a bank is really good those are hard to get.
Travis Andres Gap funding for fix & flips?
28 June 2024 | 6 replies
@Travis AndresIf you do not have other assets to secure against - your best bet would be a private lender willing to take risk of essentially providing an unsecured loan.There are people out there that do this - expect very high interest rates.
Sumit Kaul loan agains equity/etf vs 401K vs other options
27 June 2024 | 2 replies
Here are some options and considerations:Loan Against Equity/ETFs:Margin Loans:Description: Margin loans allow you to borrow money using your investments (such as stocks or ETFs) as collateral.Pros:You retain ownership of your investments.Generally quick access to funds.Interest rates can be relatively low compared to other types of loans.Cons:Your investments are used as collateral, so if their value declines significantly, you may face a margin call (requiring additional funds or securities).Interest rates can vary and may be higher than traditional loans depending on the lender and your creditworthiness.Securities-Based Line of Credit (SBLOC):Description: Similar to margin loans, SBLOCs use your securities (stocks, ETFs) as collateral, but they typically provide more flexibility and may not trigger margin calls as easily.Pros:Allows for ongoing access to funds as long as your collateral remains sufficient.Interest rates may be competitive.Cons:Similar risks of potential margin calls if the value of your securities drops significantly.Terms and interest rates can vary widely among lenders.Comparison with 401(k) Loans:401(k) Loans:Description: Borrowing from your 401(k) allows you to access funds without selling investments, using your retirement savings as collateral.Pros:Typically low interest rates.No credit check required.Interest paid on the loan goes back into your 401(k) account.Cons:Usually capped at a percentage of your vested balance (commonly up to 50% or $50,000).If you leave your job, the loan may need to be repaid immediately or could be considered a taxable distribution.Potential opportunity cost of missing out on market gains if funds are withdrawn from investments.Other Alternatives:Home Equity Line of Credit (HELOC):Description: If you own a home with equity, a HELOC allows you to borrow against that equity at typically lower interest rates than unsecured loans.Pros:Lower interest rates compared to other types of loans.Interest may be tax-deductible if used for home improvements (consult a tax advisor).Cons:Your home serves as collateral, so failure to repay could result in foreclosure.Personal Loans:Description: Unsecured personal loans can be used for various purposes, including investing, but typically have higher interest rates than loans secured by collateral.Pros:No collateral required.Funds can be used for any purpose.Cons:Higher interest rates and stricter eligibility criteria based on creditworthiness.I am a loan officer and we do some of the loans stated above.
George Kopp Lending with Personal Guarantee
25 June 2024 | 19 replies
In most cases, the borrower would file BK and unsecured creditors would largely be wiped out or take a serious haircut.
Scott Baker Getting our feet wet
19 June 2024 | 6 replies
I think he would like the steady income too, so parts of me has thought of writing up a unsecured loan agreement with him and just paying him out monthly to give him some reoccurring income vs a lump sum, but then I believe he would have other pay taxes on that income vs inheritance.
Jose Guillu Zero percent business credit cards at zero percent
13 June 2024 | 8 replies
I'm talking about large, unsecured lines of credit.
Alan Goetsch Connected Investors Largest REI Scam on the Internet
18 June 2024 | 121 replies
Only response was a link to an unsecured lender. 
James Furlo Is there such a thing as group loans?
11 June 2024 | 14 replies
Now I think they could all be on an UNSECURED note ..