27 September 2020 | 2 replies
I was able to find out where my debtors worked through Facebook as they occasionally changed jobs and simply kept filing to garnish wages until I was made whole.As far as helping out future landlords, you've essentially already done it.
16 April 2017 | 19 replies
If you are new the solution is not to willingly get in debt or fail out the gate before you start the race.

7 February 2023 | 13 replies
It depends on your ability to pay back debt or interest payments in a timely manner.

23 May 2021 | 87 replies
Wage garnishments usually require a judgment against the debtor first.

9 December 2015 | 13 replies
In this situation it appears that is not the case and if the house sells medicaid will be one of the debtors to be paid.

2 August 2017 | 20 replies
Also, don't be afraid to partner with people to get your feet wet, either debt or equity partner.

15 April 2020 | 8 replies
@Brad HalesVerify the type of entity the syndication is employing-is it a debt or equity position?
29 April 2024 | 248 replies
But if that doesn’t materialize, or if we hit a recession, it’ll get worse.My personal advice is, if you don’t already own stabilized real estate, in solid areas, with fixed debt or low/no mortgage…take the 5% return available now for your liquid savings and wait.

23 April 2024 | 30 replies
I beleive this is an important distinction because you appear focused solely on apartment buildings that were acquired because of favorable debt or other bad projections.

31 January 2022 | 248 replies
Off the top of my head I would like to see the following in the "New World Underwriting" and looking for:- Operator experience, reputation and character (always the most important at any time)- No class C- calculating in worse occupancy rate- acceptable cap rate reversion- property expense ration 5-10% less than what I was looking for (Not much more than 45% now)- Break Even occupancy closer to 55-60%- better DSCR, LTV- Better reserves- No Bridge debt (or at least bridge debt that converts to fixed rate)- no planned rent increases for 1 year or very little- Value add on hold for 1 year- Area employment diversity and not dominated by toursim, hotels, or one industryAdmittedly, these are high standards and I am aware it may leave me on the sidelines for some deals but I am ok with that, I can be patient.