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12 October 2010 | 10 replies
(I have a friend who uses them because he does bankruptcy filings.)
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26 September 2010 | 11 replies
The bank may require one or all five members to sign personally and check each one of them.You could have a LLC that is 15 years old with one or two memebrs and you will be looked at personally.Type of loan, amount, collateral, credit, capacity to repay will always be issues and for any LLC to obatin any financing without having members on the line will require a very strong LLC with other assets and a management track record that will convince the lender that you won't go belly up, take bankruptcy and walk away.
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6 April 2023 | 8 replies
You need to pay attention to sublease language and also default provisions with bankruptcy to see how the lease and tenant could be handled.Certain items I tend to let my acquisitions director handle and other legal items my commercial real estate attorney.Would have to see your location to see possible desirability.
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14 February 2016 | 7 replies
There is a tax lien in the amount of $xxx and she is filing for bankruptcy....Can you help her?'
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24 March 2016 | 13 replies
From that moment on, either congress approves the bankruptcy chapter for Puerto Rico or hell will break loose and we will see even more people migrating to the US and the economy going down to an abysm.
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28 March 2016 | 16 replies
What a mess you can get into, wholesaling to a lawyer, QCD from an estate, first it's not the right deed as the executor has no interest to convey by QCD, but whatever, then it will need to be approved by the court as they need to pay debts, they could also take bankruptcy, at that point, your straw man deal falls apart and if you don't have a license, well, might have other issues.
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27 December 2016 | 1 reply
Having said that, I do not have any bankruptcies or foreclosures on my credit but 6 years in cosigned for a brother-in-law who failed to pay his bills and he ultimately did file personal bankruptcy which left me responsible for everything.
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26 January 2017 | 3 replies
The pain of failing to understand the numbers will send you to an asylum and/or bankruptcy.
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13 September 2017 | 50 replies
A lot of people will happily hand you their keys to avoid bankruptcy.
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9 May 2012 | 6 replies
The leasing commission is usually never all paid on the front end but each month.A buyer leasing broker will try to get as much as they can upfront to limit risk for the income stream down the road.Unless substantial increases are built in the income stream becomes less valuable as the years go by.Being in commercial you have to know how to handle credit rated tenants versus mom and pop types for your leasing mix of the retail center.The payment stream the tenant might not last,file bankruptcy,the landlord can get foreclosed on etc.