All Forum Posts by: Jonathan Makovsky

@Michael Clark

 Welcome to BP and thanks so much for serving our country! 

The best advice I can give you for finding a mentor - that would truly want to help you - is find a local investor that does the real estate investing that you want to do and offer them something that you are good at (skills could include: sales, tech, marketing, accounting, handyman, organization, etc.) in exchange for mentorship. 

Also, here is an article I saw over the weekend on finding a mentor: http://www.fastcompany.com/3043724/hit-the-ground-...

Best of luck!

Very cool feature and for those not already, this is just another great reason to be a Pro member. 

Congrats Kyle! 

Welcome @Gabe Zader! 

@Luis Malta

Welcome -  it's great to have you here! If you get a chance post a picture of yourself, people will engage with you more.

Can someone recommend a roofer for a commercial property in New Britain, CT? Thanks in advance.

Welcome @Brandon D.! Looking forward to hearing about your success.

Thanks again @Joel Owens. 

Thanks @Joel Owens. I agree it's a small loan, and it's better to go bigger.

But given this deal is what it is, is there a way to avoid PG's for limited partners on this size loan?

We are hoping to close a small commercial loan ~ $400K with limited [equity] partners in the deal. A number of banks we spoke with want all members with more than 25% interest in the property to hold PG's (Personally Guarantees). Our LP's would not be interested in this structure, is there a way around this?

A few options we thought of:

• 1) Create a separate investment LLC that we are managing members of. (One bank said this would work, another one said it would not.)
• 2) [NOT IDEAL] Have investors use different names (for example, wife, husband, kids, etc.) so that they do not own a 25%+ share.

Thanks in advance for feedback.