Kenisha Coleman
Negotiating Backed Mortgage Payoff
SORRY IF ITS TOO LONG😩Hey Everyone!, I have this house under contract for $1k. Now the sellers agreed on $1k because of the condition, sold backed taxes, their weird foreclosure and headaches. The sellers went thro...
Derek Magdziak
Bankrupt Owner Reluctance to Sell
How can we approach a bankrupt owner of a great commercial property to sell without being too pushy?Here is bit of color to the situation - there is a property that my partners and I are interested in purchasing, sitt...
Jaston Robinson
Using your 3% commission as a way to negotiate
Hello BP. My partner and I are representing ourselves and want to craft a competitive offer for an on-market deal. As a way, to be more completive we were considering of using our 2-3% commission as a negotiating tact...
Dirghayu Desai
Personal Guaranty on Commercial Loan
Can someone explain how personal guaranty works on a commercial investment? LTV is: 70/30 6 partners and each is ~16% ownerDo all partners have to sign a personal guaranty (PG)?If we sign a PG and the business can't m...
Jay Story
Judgements against a living trust
Hello BP! I am trying to purchase a parcel of land from a family member, however there are a couple judgements against it one of which is much larger than value of the land itself. County records indicate the parcel ...
Carolyn D.
SBA loan deferment question?
I'm the CFO for 3 companies (1 real estate company, 2 operating businesses leasing from landlord) with an SBA loan taken out in 2003 currently in good standing. Operating businesses have entered a cash-flow probl...
Juan Carrasco
any advice on good business books to read?
hello all.
I would like to apologize in advance for this long post.
my name is Juan and I will be 28 years old this month (WOOHOOO) I am from Plainfield IL, and let me just start by saying that BiggerPockets ha...
Kathie Meyer
Is a Reverse Mortgage a Good Idea to Get Started?
I'm new here, but I grew up with a dad who was a real estate broker and funded his retirement with his buy and hold and then carry the contract when sold strategy. I also have education in real estate appraisal.Anyway...
Stephen Masek
What happens if SD-IRA Trustee Goes BK?
It seems that all self-directed IRAs are offered by relatively small companies which have somewhat recently appeared. I'm not against small businesses. However, what happens if the SD IRA trustee goes bankrupt? The...
Dean C.
Selling an inhabited rental in era of Covid moratoriums?
Property is in Illinois inhabited by tenants and they are current on rent with an assumed month-to-month lease. Despite not keeping the property as clean as I would have liked, overall they have been decent tenants fo...