All Forum Posts by: Ryan Skinner

many years ago i bought a bar restaurant, and i had to sign a personal guarantee. I assumed they would go after my personal home if i could not make the payments.  The business failed and I somehow at the last moment was able to find a buyer, however i was terrified about ever getting back into the real estate market again as a result. Now years later, i want to buy a duplex (or two) and never want to risk losing my home (completely paid off).  I have money to put down on a commercial loan but was not sure how this works, and did not want to ask the lender...rather be informed before speaking with the lender as how i can best protect my personal assets.

i want to buy a commercial duplex and put down 20%, do i have to put up my personal house as collateral or as a personal guarantee to get the mortgage?