Do You Personally Guarantee Hard Money Loans? | REI Show- Hard Money For Real Estate Investors

Do You Personally Guarantee Hard Money Loans? | REI Show- Hard Money For Real Estate Investors

Visit our website: https://carolinahardmoney.com

Join the Carolina Capital team every Thursday at 12 pm Eastern for the Real Estate Investor Show - Hard Money for Real Estate Investors!

In this episode, let's look back to when Bill Fairman, Wendy Sweet & Jonathan Davis gave an answer to the following Ugly Questions:

1. I’ve heard some seasoned lenders say they always require a personal guarantee from their private borrowers and some say it’s not necessary. What do you think?

2. When is lending in the 2nd position ok to do and what should a lender require of the borrower to protect their principal?

Timestamps:
0:01 - Introduction: “ Is it worth your while to get a personal guarantee on your loan?“
1:11 - https://www.CarolinaHardMoney.com
1:26 - https://calendly.com/wendysweet/wednesdays-with-wendy
3:26 - Breaking News
3:48 - New Unemployment Claims are 375,000
5:50 - Inflation May Last Longer
8:55 - The GDP for the 2nd quarter was 6.7%
12:19 - Any advice on how best to adjust for the supply chain interruptions when approaching remodels? Order supplies well in advance of needing them?
15:24 - I’ve heard some seasoned lenders say they always require a personal guarantee from their private borrowers and some say it’s not necessary. What do you think?
21:48 - When is lending in the 2nd position ok to do and what should a lender require of the borrower to protect their principal?

Listen to our Podcast: https://thealternativeinvestor.libsyn.com/
YouTube Channel: https://www.youtube.com/channel/UCYzCFOvEt2n9TchgECLwpww/
Facebook: https://www.facebook.com/CarolinaHardMoney/

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