Question: Should I collateralize the loan (if using private or hard money), or rely on roll-over loans (to maximize the lower points and 3-4% rate)?

Wouldn't it make more sense to raise money privately?

Also, after a year, the mortgage hasn't been paid down by much, especially if it's a 30 year mortgage.The only challenge you may run into is if you purchased it using a low or no money down mortgage option like FHA or VA lending.

For me it boils down to more of a personal decision - can I afford two homes, do I want to have two homes and the stress of it, or just take my money out of one and put it in another.

This money would change my life but i have a hard time believing this.

Over the years every single time I went over his house to hang out we would talk about money, investing and the future we were building.

I am interested in working with MB capital in getting unsecured line of credit and possibly hard money lending.

If I get the money in 2025, could I then use the other 90% as a capital loss on that year's taxes?  

Oh bud, I think it would do that we’re gonna need lender’s consent as well and that’s what I’m trying to prevent, but maybe they do it under them handle that part and then after the fact transfer it. 

Never heard of them, is it a hard money lender?