I own an investment company that bought a chunk of land across the street from the ocean in Florida. The land is developed and is set up for 17 houses. We have the numbers figured out and are selling the houses at ....
Is it possible for an LLC to obtain a mortgage without a personal backing? It is my understanding that if the LLC has good credit and a history of financial dealings then it can. How long of a history and how ...
We are wholesaling a property to someone we've never dealt with or met. In the contract we have that we get our fee regardless of whether he closes the deal. He says he isn't comfortable with that because anything ...
I am currently a 33% owner in a S-Corp that has loans on several properties. My partners and I have agreed to a stock issuance to allow an additional partner to join the company that will dilute me personally to a...
So what's the difference between a corporate-guaranteed franchisee tenant and a corporate tenant? From reading a lease recently, the corporation is liable for any defaults in a corporate-guaranteed franchisee tenant. ...
I am thinking of personally guaranteeing a commercial real estate loan. The loan will be made to an LLC of which I am a member. However, I don't want to make the personal guarantee if it will reduce my ability to borr...
Hey BiggerPockets Family!
I have the opportunity to purchase a rental property that will have a guaranteed rent. The home is about $140-150K and is not in a busy area.
The tenant would sign a guaranteed 5 year lea...
How successful have folks been borrowing in LLCs without personally guaranteeing the loans?For those who have done this, do lenders rely on financial statements of the LLC to get comfortable with not requiring a perso...
Let's say you're looking at a large property (a suburban midsize mall), in the $30M range. If you have $6M cash, what are the odds of having a bank or broker finance the remainder -without- a personal guarantee?
I s...
My commercial tenant is months behind on rent due to covid closures with 1 yr remaining on the lease and came to me the other day asking for the debt to be forgiven and rent to be reduced to 10% of revenue going forwa...