Keep an eye on your debt-to-income ratio and overall leverage to avoid overextending.

If you did not and it’s unsecured debt you could be out of luck on some or all of the money as depending on his situation unsecured creditors in a bk may receive pennies on the dollar depending on what he can afford and if converted to a ch 7 you would get wiped out.Even in 2nd position he could argue the property is underwater and wipe out your lien.

You would now be free & clear of any debt service and the expense impact of such.

Purchase price: $189,000 Cash invested: $15,000 Welcome to the crown jewel of Center City, Philadelphia—a standout property in my investment portfolio that perfectly combines elegance, location, and profitability.

Other equally contributing factors you want to consider is the properties positive cashflow, asset appreciation over time, debt service paydown over time, as well as hedging your dollars against inflation - all of which make real estate such a great investment especially when you have the right property!

Eliminate debt, establish a budget, and save.

Sometimes they can ONLY be used to pay down credit card debt on another card.

Now if try tailing the entity on deed "up-stream" come to find it's a meandering trail of breadcrumbs, come to find they themselves are debt loaded via notes on properties to other entity, that again is a meandering trail ending in WY entity behind a wall of ownership interest in such so never get peoples names.  

Subsidized HOUSING WILL MORE THAN LIKELY GROW, yet the government will go into deeper debt to pay for it.I suspect new bonds will be created to pay for subsidies in housing. 

So this is common thought and why it is a real challenge to get debt secured by the ADU value add at higher than 50% of the addition cost.