Joining Flipsystem does not guarantee you will be a successful real estate investor if you just think they are going to hand you everything and you do little work.

You are still guaranteeing the debt on a personal loan.

You'll personally guarantee the loan, so qualification will be based on you, not the LLC you created.

Guaranteed!"

After 25+ years of acquiring and managing our rental properties,  the "compelling reason" to sell is just freedom, peace of mind, reduced liability, and guaranteed income from an annuity. 

., if I default on one asset (god forbid) the lender can not come after any other assets2 - I do NOT sign personal guarantees - I’ve got two banks that lend to me without a personal guarantee, but only up to 50% LTV.  

So My conclusion is:1.Should not borrow HML unless you have to, because they will take most of profit from the deal and add lot of RISK to the project2.There many RISKs from the City as well, FlipSystem is never teaching RISKs on this side and guarantee anything.

Joining Flipsystem does not guarantee you will be a successful real estate investor if you just think they are going to hand you everything and you do little work.

If you have to apply/guarantee the name in your loan, I'd be honest with your lender and ask their thoughts on you converting to an LLC after.   

The promissory notes may appear all the more attractive because the seller falsely claims that they're "guaranteed" or insured.