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Updated over 5 years ago,
Being the 'net worth' for new investor commercial loan pros/cons?
If I were to be the net worth for new investors in a commercial property, how does that effect my personal future real estate investments, my DTI, etc.?
The new investors are my sister & her husband; they have great credit and all the capital...they just need the net worth requirement...that's me.
Also; if I did fulfill that requirement for them...if the the property is cash flowing nicely and all expenses & debt & property management are all paid for, etc....could I be taken off the loan as the net worth and have it transferred into only my sister & husband's name...or their business LLC name?
Much obliged...thanks!