Wanted to find out what people think of this line of thinking : 1) All your buy and holds are a business 2) You borrow money with a downpayment, just like in any business you would have some stake (say a VC funding)...
Just wondering how much credit score plays a part in REI?I have a credit score hovering around 600 to 650 with only 1 ding on my report (a Chapter 13 Bankruptcy in 2012), but I have been turned down for preapproval wi...
If an owner files for bankruptcy can they still do a short sale on a property? I've run into owners who say they have filed for bankruptcy and are protected from the bankscoming after them. I never have an answer for ...
Hello BP Community!
Any advice or additional options would be wonderful here. Some family friends reached out to me for advice as I work in Commercial Lending, but unfortunately this is outside of my wheelhouse. So I...
Hello BP,I'm Cobe with an accidental experience with real estate with my first purchase. I have been researching, reading, and watching alot youtube videos on different ways of Realestate investing. I am currently in ...
Hey everyone, my business partner and I are trying to get our foot in the door with our first rental property. The single-family home we are looking at purchasing is currently owned by my business partner's father. ...
I have a good friend (involved as I am with the Cub Scouts) and she's losing her business do to slow sales and nonpaying customers. It's heartbreaking for her and her husband.
She can avoid personal bankruptcy if th...
Hello Bigger Pockets Community,I am new to this community, and I am looking forward to get in the real estate investing industry. For me I am at the beginners stage, and I find that real estate is a bit intimidating...
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...
Money isn't easy to save and $10,000( my debts) is a ton of money I want to save for a downpayment, I'm just starting so I don't have any money I would like to save $60,000 to buy a rental property, I think I could do...