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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: TheStockFairy who wrote (87694)8/30/2007 4:35:56 PM
From: Broken_ClockRead Replies (1) | Respond to of 306849
 
It all depends on the lender, the property, etc.

heck, our copier people wanted to renew our color copier lease w/upgrade and now want a personal guarantee from ALL owners which they never asked for before. On a lousy 30k 5 yr. lease.



To: TheStockFairy who wrote (87694)8/30/2007 4:43:19 PM
From: Travis_BickleRespond to of 306849
 
I assume you are talking about an individual buying the property, here in florida I've never heard of a non-recourse loan in that situation, you could try to buy it through an LLC (these days most properties seem to be held by LLCs) but unless the lender is very stupid they will require you to be personally liable for the note.

Of course it's different if you're Trammell Crow, Inc.


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