Best way to handle these is to simply pull cash out of your reserves or unsecured Credit line and pay off the underlying and then you can just refi and get your cash back.. but of course far and few between that have that kind of cash or LOC available.

Or that the tenants start subletting every room in the house and the basement to drugies.Holding a property unleveraged (all cash) reduces your ROI significantly.

Now, we are currently establishing business lines of credit, unsecured, which are based on our personal credit (we're each doing this through separate LLCs).

Individual Borrowers are not legally entitled to claim an interest deduction on unsecured, simple Promissory Notes, even if the loan was used to purchase real estate.That being said, does the IRS realistically go around checking for this, or as long as the parent pays taxes on the interest income the IRS is happy, and doesn't bother the borrower for deducting the interest.

Some will say they take the money and buy or lend against real estate but read the fine print, you are an unsecured lien holder (this is the case in 99.9% of offerings that show returns above 13%.)3.

Judicial,Collateral,Unsecured,Secured,Seller,Syndication ~ confirmed Mortgage Brokers (sophistication, in lending terms) "15% ROI Margins" ~ confirmed ROI unknown tho…Tax attorney(Roth,Judicial, Sophistication) "10% ROI"  Unknown*Accountants (how much and where Terms infrastructure legalities) 7% ROI Unknown*Mortgage broker (lending acquisition all major lenders ,TD,RBC…….

Depending on the amount you need to borrow, unsecured term loans might be something to consider.All the best, KC 

Using conventional Wisdom Kinda tough with connecting cross country and knowing very well, seem like the right forum ti help my group, brothers on the rise, we got drones and tree planting  yeahhhJudicial,Collateral,Unsecured,Secured,Seller,SyndicationMortgage Brokers (sophistication, in lending terms) “15% ROI Margins”Tax attorney(Roth,Judicial, Sophistication) “10% ROI”Accountant (how much and where Terms infrastructure legalities) 7% ROIMortgage broker (lending acquisition all major lenders ,TD,RBC…….

I had 8k saved up, a 10k approval for an unsecured loan from my credit union, decent credit to get a Home Depot card, maybe a few grand to borrow from a 401k, and it was warzone shopping time.

I don't love that concept but it's better than a completely unsecured note.