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Updated almost 4 years ago,

User Stats

7
Posts
1
Votes
Austin Smith
1
Votes |
7
Posts

Non-recourse loan for fix and flip?

Austin Smith
Posted

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?


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