I just got off the phone with a guy that got one of my letters. I've always had trouble understanding the effects of ch. 13 and ch 7, and especially when it comes to possibly doing a short sale for them and whey they...
What would happen if after you buy a NPN, the borrower decides to file for bankruptcy? What happens to you as the note holder? I assume if the borrower throws the property into the bankruptcy that it would go to th...
Recently found a home in a nice neighborhood that appears to be abandoned with nuisance notices on the door. After a lot of digging, found an ongoing case through casenet between the owner of the property and a debt c...
Hi: Together, my wife and I own and manage three rental properties - a house, a condo and a duplex. We (belatedly) are in the process of forming an LLC, but we've heard competing advice. On one hand, we've heard that ...
Want to see if anyone has ideas on how to go about this situation. My friend partnered with another investor in a 50/50 deal where they invested into building a new property. Now the construction is almost done but th...
I'm looking for help from the crowd on this one.I'm putting together a blog post with a checklist that a creditor/lender should follow in case their borrower files a Chapter 13 bankruptcy petition. The purpose is to p...
Just won contract on single family rental.. Do I use a home equity line of credit that I have on another rental at 6% or do I use my saving earning 1.75%? I own my two other single family rentals free and clear ...
When renting my properties, I have prospective tenants claiming their felt being discriminated aagainst because they were declined due to their credit score or income. Though I am free from such complaints since it's ...
I'am looking to transition from wholesaling into buy/hold and rehab/flips. I have an existing business line of credit (outside of real estate) that I could use to fund deals and I also have personal property with equi...
suppose i want to refinance a fully paid for rental property that is actively occupied by tenants. what does the bank require when approving a refinance?