Hi
I have an applicant who has bankruptcy filing (havent checked what stage it is in yet) and an income to rent ratio of 2.4. He has 4 kids and a wife to care for. Though he has a stedy job for the last 6 y...
BP family, The tenants live in my first and only rental property paid a half of October's rent and told my PM that they are having a family emergency, but they will pay the rest of the rent they owe on 10/27, and ther...
The mortgagor of one of my "sub2" deals asked me if I would be effected if he/she files bankruptcy. Currently home is deeded to a land trust. I own several "sub2" homes and this has never come up. Has anyone experi...
I never thought I’d be in this position, but here I am.
So, I have a few rental properties, but the utilities, taxes, and insurance were all triple the amount forecasted. Over this winter, the utilities drained my a...
Hello BP community,
I have a tenant who filed for Chap 13 bankruptcy after I filed for eviction. I am working with a lawyer and according to him it may take significantly more time to get the tenant out because of “a...
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...
I wonder if anyone has experience with tenant bankruptcy issue. I have a tenant at TN who is behind on rent for the past 3 months. My PM has send multiple notices and finally put in the eviction notices. PM even of...
my church is buying a property in MD. currently the property is leased to a senior care operator, owner collect 6k rent each month. it has been going for 15 years.15 years ago owner bought the property with grant from...
Hi does anyone know if it is possible to get a loan on Multifamily properties while in the process of bankruptcy? I have a friend who wants to jv on some deals but also wants to buy his own properties but he’s in the ...
WeWork has filed for bankruptcy protection (Chapter 11) a few days ago. This was the bastion of super cool arbitrage in commercial real estate. Down for the count. I am only posting this because WeWork has been held u...