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Updated over 3 years ago,
Financing question concerning a 40 unit apartment complex.
My business partner and I are looking to purchase a 40 unit apartment complex. We collectively have 25% to put down on the loan. For context regarding our respective financial situations, my business partner and I both collect a $250,000+ salary each from our corporate jobs.
Will the bank require me to put my house as collateral? If so, how can I avoid this.