Release from personal guarantee?
Hi BP, I've just learned about the concept of being released from a personal guarantee on credit cards and wondered if the same could be done with investment property loans. Anyone had any experience successfully negotiating a release from personal guarantee on their loan(s)? I've got a 4 year old loan that I (personally) had to cosign with my LLC, 30% equity in the property, spotless payment record, and would love to have it solely in my LLC's name. Is it possible? Any advice? Thanks!