Commercial Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago,
Need some Advice
I located a hotel that had been remodeled back in 2010ish and was still sitting vacant, Come to find out the owners have filed for bankruptcy and the property is about to be foreclosed on by the city itself. I contacted the lawyer handling the case a very nice gentleman, he told me he dropped the case. I asked him how I could get in touch with the property owners, but he never responded.
BINGO this morning I got a call from the bank that owns the property, I missed the call but called the gentleman back. I can do SFH all day long but commercial is a whole new animal to me. What is the best way to go about this can I wholesale this thing? What the heck should I do with it if I come to terms with the owners?