All Forum Posts by: Mike Thomas

Skip to content

Quick search links

Find an Agent Find a Lender Hard Money Lenders Podcast Books Boston

Pick markets

Market Finder - NEW PRO Picking a Market Workshop PRO Picking a Market Worksheet Top 100 Cash Flow Markets Market Insights - Sunbelt Region

Market finder

Pinpoint the best real estate market for your specific goals with expert recommendations and real-time data on appreciation, affordability, rent to price ratio, and more.

Find deals

On-Market Deal Finder - New PRO Off-Market Deal finding PRO Real Estate Syndications Investor-Friendly Agents Find Foreclosures Community Listings (FSBO) Business Directory

Deal finder

Quickly find your perfect investment property based on your cash flow and ROI goals.

Invelo - Off market deals

Scale your portfolio with off-market deals

Calculators

Rental Property Calculator PRO Rehab Estimator PRO Rent Estimator PRO BRRRR PRO Fix & Flip PRO Short-Term Rental PRO Sell vs. Keep PRO All Calculators

Rental property calculator

Is it a good deal? Run your numbers like a pro with this simple yet powerful calculator.

Run the Numbers

Rent estimator

Understand how much rental income you can expect based on recent reports and data for your specific property.

All Books

BLACK FRIDAY SALE Best Sellers Browse All New Books & Pre-Orders Bundle & Save Books for Beginners

Simplify your goals and find clarity for your investing

Dave Meyer's newest book gives a practical framework to craft and execute YOUR personalized real estate plan.

Claim your piece of a $30B industry.

Build wealth with this insider's guide to glamping, campgrounds, and RV parks in the outdoor hospitality industry.

Get Your Copy Now

Plans and Pricing

Pro Membership Business Membership

TRY PRO FOR 7 DAYS COMPLETELY FREE

Avoid mistakes and make informed decisions with Pro.

Start Free Trial

GROW YOUR BUSINESS

Promote your business on BiggerPockets and make quality connections with the right investors

Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.

x

Followed Discussions Followed Categories Followed People Followed Locations

All Forum Categories

All Forum Categories

Followed Discussions

Followed Categories

Followed People

Followed Locations

Market News & Data

Market Trends & Data

Buying & Selling Real Estate

Out of State Investing

Real Estate News & Current Events

Real Estate Technology

Investor Mindset

General Info

BiggerPockets Exclusive PRO Area

General Real Estate Investing

BPCON

New Member Introductions

Questions About BiggerPockets & Official Site Announcements

Off Topic

Starting Out

Real Estate Success Stories

Real Estate Horror Stories

Real Estate Strategies

House Hacking

BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Commercial Real Estate Investing

Mobile Home Park Investing

Innovative Strategies

Land & New Construction

Multi-Family and Apartment Investing

Wholesaling

Rehabbing & House Flipping

Short-Term & Vacation Rental Discussions presented by

Tax Liens & Mortgage Notes

Medium-Term Rentals

Buying & Selling Small Businesses

Outdoor Hospitality

Landlording & Rental Properties

General Landlording & Rental Properties

Managing Your Property

Marketing Your Property

Tenant Screening

First-Time Home Buyer

Real Estate Professionals

Mortgage Brokers & Lenders

Contractors

Real Estate Agent

Financial, Tax, & Legal

Personal Finance

Creative Real Estate Financing

Insurance

Private Lending & Conventional Mortgage Advice

Tax, SDIRAs & Cost Segregation presented by

Foreclosures

1031 Exchanges presented by

Goals, Business Plans & Entities

Legal & Legislation

Real Estate Classifieds

Classifieds

Real Estate Events & Meetups

Reviews & Feedback

Ask About A Real Estate Company

Real Estate Deal Analysis & Advice

Guru, Book, & Course Reviews

Syndications & Passive Real Estate Investing

Mike Thomas has started 2 posts and replied 3 times.

I have a question when filling out a PFS. I have acquired equity in multiple partnerships so how do I record that? The pfs asks for the value and mortgage. Do I just list the value and the mortgage or do I need to breakout my equity value? How would I then account for the mortgage part as it would then be skewed?

1 Vote

Chicago, Illinois

Originally posted by @Account Closed:

Good evening! I have been in a partnership on a property and things are not working out with my partner. We have a commercial loan both guaranteed it personally. Do banks ever allow modifications to remove one partner?

Not likely. Either sell the property and move on or get a new loan to buy out the other partner.

My partner has a high 8 digit net worth and I am st

0 Votes

Good evening! I have been in a partnership on a property and things are not working out with my partner. We have a commercial loan both guaranteed it personally. Do banks ever allow modifications to remove one partner?

0 Votes