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Updated over 11 years ago,

User Stats

127
Posts
10
Votes
Matt Liu
  • Jersey City, NJ
10
Votes |
127
Posts

Recourse loan when poor to begin with

Matt Liu
  • Jersey City, NJ
Posted

I am thinking about a big commercial purchase, however the loan will almost certainly be RECOURSE. My question is does it even really matter if I don't have very much in assets anyway? What I do have is in multimember LLCs (a couple tiny cheap houses).

Seems like non-recourse doesn't really fly anymore anyway.

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