Hi I’m in the process of closing on my first multi family deal a duplex which I will be living in as well with my girlfriend and next year she wants to buy something or we can go in on something together but we don’t know if we want to flip a house or another multi family because she just filed bankruptcy last year and we don’t know what our options are for the next move so can someone please help me out cause I was thinking buy another building but she said a house anybody have any suggestions?

Big thing ---> she just finished up bankruptcy.

I negotiated to 105k.It was a bankruptcy sale and the listing said access was not allowed and the property had to be bought site unseen.I was buying from overseas, so I figured site unseen worked for me.I paid cash, so there has been no holding costs.Once it closed, I sent a contractor I’d used a few times before to get inside.The contractor speaks zero English and also can’t use a phone or google translate.

The mission critical people, like experienced dealers in casinos, will be retained.On marginal operators going into bankruptcy?

I knew several that eventually filed for bankruptcy. 

Bankruptcies are going to skyrocket.

He has been fighting it for 5 years.Opened bankruptcy in 2018 to clear debt and hold off foreclosure...just was dismissed end of Feb.He says it needs 35k to get to 370k arv...I'll round that up to 55k.

How many borrowers are out there that have spent the last ten years in one or two loan mods and/or one or two bankruptcies?

Short sale, pre-foreclosure, bankruptcy -- we were living a mile away renting a house.

Banks are in good shape for now, but could face many customers with bankruptcies, both individual and business.