Chris Roberts
Do DSCR loans affect DTI
29 July 2024 | 16 replies
That's literally what the PG is for - if the entity cant service it's debt, you've guaranteed that you will do so personally.
Don Konipol
How to Invest For Boom and Still Protect Against Bust
25 July 2024 | 3 replies
For bigger transactional income we have our building projects which I have to PG however even though the risk is always there we have been blessed these last 4 years on these that equates to about 120 homes built and mostly all sold.. then the balance in Notes a few long term.. and JV partner on land deals and flip houses those have zero debt.
Naveen Kumar
Owner occupied non QM or portfolio loan
22 July 2024 | 8 replies
The property is in PG county, MD.
Rick Albert
Buying without counting towards DTI
23 July 2024 | 13 replies
The main issue you will find is most DSCR loans are fully recourse and require a PG.
Patricia Smith
Need real estate attorney for foreclosures
22 July 2024 | 2 replies
If there is a PG, then I recommend looking to start selling some off ASAP as the longer they are in default the accrued and default interest clock keeps ticking.
August Mickelson
Purchase With Conventional and REFI with DSCR?
20 July 2024 | 10 replies
Even if your refinance into a DSCR to pay off one of the existing loans, there's a 99.9% probability that you will have to PG the new loan.
Glen Friedman
Fund That Flip (FTF) - 87% LOSS - be careful
16 July 2024 | 15 replies
The main point we were required to give up was the borrower’s personal guarantee (PG).
Carlo D.
Seeking advice on a small business loan I am looking to extend to a long time client
12 July 2024 | 2 replies
For docs, at a minimum, you'll want a promissory note, PG, loan agreement, and a security agreement to attach to whatever collateral you can reach.
Gerry Cohen
DO NOT INVEST with SCOTT CARSON (We Close Notes) or Inverse Asset
10 July 2024 | 256 replies
My post speaks for itself.U left out the PG aspect ..
Kev Li
Best way to pull cash out of rental property?
28 June 2024 | 11 replies
But they still require a PG and are fully recourse.