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Updated almost 4 years ago,

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2
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0
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Andrew Chacon
  • Investor
  • United States of America
0
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2
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hard money loans and personal guarantees

Andrew Chacon
  • Investor
  • United States of America
Posted

I am new to investing and haven't done any deals so far but I would like to start offering as quick as I can. I am In the process of selecting a hard money lender and trying to get pre-approved but I do not want to get taken advantage of. Do all or most hard money lenders require that you sign a personal guarantee in order to lend to you? I am using an LLC to purchase the property which is why I am guessing they would require a personal guarantee.

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