I need to personally guarantee a mortgage for a refi that I am doing on an investment property of mine. The property is under an LLC. I have other properties that are owned with other partners and those are also in LL...
Hello! I am a new investor looking for my first deal in the Ann Arbor area. I'm primarily looking at single family homes, condos, and off market opportunities. I'm curious what metrics people use to decide whether to ...
I'm just curious whether hard money loans are ever collateralized by anything other than the real estate being purchased. I'm reading an application that sounds as if my personal assets would back the loan. That even ...
Hello BP,I am a newbie from Columbia, Md. I am in the process of creating a LLC to protect my personal assets from my investment assets. Question, once this is done will lenders check the credit score and finances o...
I did a quick search and did not see anything recent that matches this. If someone knows of a good thread, drop a link here.Otherwise, lets discuss what people do to negotiate PGs. What is considered normal or accepta...
Suppose you borrow private money for a deal and the deal goes bust. Now with a bank mortgage there in normally a 'deficiency clause' allowing the bank to try to seize other assets you may have if the foreclosure proce...
How much value do you put on personal guarantys when deciding to accept a new commercial tenant? Do you relax your requirements (financial or otherwise) when personal guarantys are offered?
My partner and I are looking to purchase a SFH in Philadelphia and have recently formed an LLC as an investment vehicle. This is our first purchase and are planning on making more purchases under the same LLC. We are ...
So I have an opportunity to obtain a mortgage where I can either have the loan in an entity with a personal guarantee, or to borrow as an individual and then transfer the property into an entity after closing. Neithe...
One year ago, I purchased a property for $550k and signed a tenant to a 10 year lease. The proprietor was a coffee shop/bookstore that was operating down the street. They wanted to expand as well as offer food and a...