GlobalWealth
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I am saying do whatever it takes. If you have a great opportunity that requires borrowing money with a personal guarantee, go for it.So are you saying it is a bad idea to personally guarantee? I am trying to filter out ideas and am wondering if having to personally guarantee should remove some options from my list.
Be opportunistic.
Of course if you can make it work without a personal guarantee that is always better.
But if you can get a 15 year loan at 5% with a personal guarantee or a 5 year loan at 18% without a personal guarantee (assuming the deal is lucrative) then sign on the dotted line.
The lower interest payments will throw off a lot more cash.
Personally there is little I despise more than personally guaranteeing a loan....except losing a great deal. I hate that more.
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