Personal Guarantors

[Account Closed]

I was recently asked about Personal Guarantors being used to back lots properties. Has anyone ever tried using PG's as a strategy to purchase more properties? I was doing research and I just cannot see people or companies backing properties with their assets. Anyone know anything about using them or is it just better to continue to use lenders?

[Chris Piper]

You are better off using hard money, private money, or transactional funding(depending on what you are doing). NEVER personally guarantee a property yourself. You never know what can happen in the real estate business, and it is definitely not worth risking everything you own to make a deal happen.