If you’re in a partnership deal, do your best to finance your deal with a non-recourse loan by Greg Poor

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If you’re in a partnership deal, do your best to finance your deal with a non-recourse loan.

Non-recourse means that you aren’t personally guaranteeing the loan. This gives you two distinct advantages: it allows you to be taken off the loan if the partnership goes sour and, if the property fails, it won’t be tied to you personally.

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