I’m purchasing a home with my brother and we are putting it under an llc. When it comes to get the mortgage, I know the bank will most likely want a personal guarantee. My question is, do we both have to personally guarantee it? My brother wants to purchase another home on his own, so we wanted to know if it was possible for just me to Guarantee it.
Has anyone done this before?
Thanks
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source https://www.reddit.com/r/RealEstate/comments/l8d1c0/personally_guaranteeing_a_loan_in_an_llc/
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