Recourse loan when poor to begin with

[Matt Liu]

I am thinking about a big commercial purchase, however the loan will almost certainly be RECOURSE. My question is does it even really matter if I don't have very much in assets anyway? What I do have is in multimember LLCs (a couple tiny cheap houses).

Seems like non-recourse doesn't really fly anymore anyway.

[Ellis San Jose]

If you are ok with having a judgment hanging over your head until it's paid.

Congratulations on getting seller financing. You could ask the sellers to remove the recourse after a certain number of on time payments as a compromise if they insist.