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18 January 2015 | 23 replies
IF you are not willing or cannot do this, go to the track and bet your money on any horse. 2. call everyone you need to involve in a full circle deal and calculate what the costs are. get at least 3 quotes. 3. input those costs along with your spreadsheet model and your mortgage model. 4. make a decision based on "risk free rate of return" or what you can get with an alternative (reit, funds, mutual funds, gov. bonds, etc) add in your time billed at what ever you get paid (before tax) add that time estimate to the cost. 5. recognize that you cannot go bankrupt buying a REIT stock but you can go belly up if you real estate purchase gets out of hand. 6.
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30 September 2023 | 17 replies
If this is something that could bankrupt you or cause you to lose your primary home its absolutely not worth the risk.
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29 May 2019 | 85 replies
It is disturbing that people go bankrupt because of health bills!
22 February 2022 | 298 replies
Smaller impact to landlords, some go bankrupt, but most just struggle through.
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24 February 2023 | 172 replies
@Rhonda McDaniel the reason student loans are not bankrupt-able is because they are federally backstopped by Sallie Mae & Freddie Mac.
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25 August 2023 | 6 replies
The claim was due to a securities offering on CrowdStreet by an issuer that eventually went bankrupt.
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28 September 2021 | 133 replies
If you go the route you are suggesting I predict you will either find nothing to buy (if you look in decent areas) or, worse, will end up buying crack houses in war zones that will bankrupt you.
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11 September 2023 | 20 replies
All comes to your credit score, people with a high score could get off anything, even get their loan refinanced, or can get low rates but people with low scores could only get bankrupt.
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19 May 2021 | 41 replies
Virtually no bank will give a real estate loan to a LLC and if your $50,000 is 30% of a down payment you then that comes out to a $171,000 multi-unit property that has to include the loan fees, closing costs and most banks make you prove that you have reserve cash in a bank account when the property closes escrow.You will need to get really lucky to find a multi-unit property, or even a duplex with only $50,000 and if you purchase a property that is beyond the distance where you can be hands-on and you have to hire a management company, the chances are you will go bankrupt before you see one penny of profit.No beginner in real estate should do long-distance investing.
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23 January 2018 | 29 replies
If the tenant company goes bankrupt there could be significant time and expenses to remodel and release.