Personal guarantees are EXTREMELY common.

@Emily CurtisI am a BP Pro Member with login of my personal email I have been using Stessa for 3.5 years using my business email address for login.

Therefore, it is advisable for the client to consult with their CPA to receive personalized guidance tailored to their unique financial situation.

The challenge was balancing the relationship between landlord/tenant and a personal/friendly relationship.

Hi Nicholas we invest in Toledo and have a great team on the ground there that we share would be delighted to assist you if you want to chat

Here’s a breakdown of the main ways investors fund their first deal while minimizing their own cash outlay:1.Private Money & Hard Money Loans– These lenders focus more on the deal than on your personal finances.

Awesome to see a new investor-minded person here.. do you have a favorite real estate success story already?

The Landlord will verify that the rental is empty of all personal belongings and trash and that there is no damage beyond ordinary wear and tear. 

In high-cost markets like Chicago, that can be tough to meet.If you're looking at a duplex, the self-sufficiency test doesn’t apply, so you’d just need to qualify based on your personal income and the rental income your lender allows.If your current lender isn’t familiar with making FHA work in your situation, it might be worth getting a second opinion from someone experienced with FHA multi-unit financing.

Your IRA can borrow, but you have to be careful to not personally guarantee it.