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Updated about 4 years ago on . Most recent reply

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Ryan Skinner
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Buying & Selling Real Estate

can you buy commercial property with no personal guarantee?

Ryan Skinner
Posted

i want to buy a commercial duplex and put down 20%, do i have to put up my personal house as collateral or as a personal guarantee to get the mortgage?

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Steve Morris's profile image
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Steve Morris
  • Real Estate Broker
  • from Portland, OR
  • Member since Sep 26, 2019
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Steve Morris's profile image
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Steve Morris
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  • from Portland, OR
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Steve Morris
  • Real Estate Broker
  • Portland, OR
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Steve Morris
  • Real Estate Broker
  • Portland, OR
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Ask for a non-recourse loan.  It'll be more expensive, but I'd recommend it 99% of the time.

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