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Updated about 4 years ago on . Most recent reply
Non-recourse loan for fix and flip?
How easy is it to get a non-recourse loan for a fix and flip?
I’m just thinking what is the worst case scenario for a fix and flip?
If I get a non recourse loan and don't have to personally guarantee the loan and put the property in an LLC if worst case scenario happens wouldn't I just lose my down payment and i wouldn't have a foreclosure on my record?
Can you get a non recourse loan and not have to personally guarantee for a fix and flip?
Most Popular Reply
Most hard money loans are non-recourse.