david, if you're personally guaranteeing the loan, which i suspect you probably are, it doesn't matter if you transfer the property-- you are still personally responsible for the debt...you may or may not be able to qualify for additional loans-- that depends on your credit debt to income ratio (with this new loan), etc.

Originated, serviced and guaranteed seller financed transactions. 6.

Jon Klaus-smart guy....did you find it on the income stmt ;-)A personal commercial loan guarantee, due to the market collapse and the property losing 70% of it value as the loan came due.

And keep in mind, just because you buy a property doesn't guarantee that it will cash flow immediately (or ever, for that matter).

You'll need a personal guarantee most likely.

I trust my partner at the LLC but I want to have an extra guarantee apart from trust.I guess you guys have solved this before but I haven't found anything on the forum.Thank you very Much.

If you look at the definition of a security here:www.sec.gov/about/laws/sa33.pdfyou find:(1) The term ‘‘security’’ means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a ‘‘security’’, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.I've highlighted some of the terms that could refer to a loan.Now, like Corey Dutton I don't really think the SEC trolls craigslist looking for these ads.

The other party wanted the greater cash flow and was willing to guarantee the commercial loan.

It might motivate them to pay.While it's nice getting the guaranteed rent from the government every month, it's depressing to have to deal with these deadbeats that have everything handed to them and still refuse to pay you the money that's due.

There are many problems you will have to fix that I guarantee you cannot see right now.If you do not have a down payment or any reserves I don't think you want to put yourself into that situation.