I sold/financed a house in NC in 2011. The buyers never made a payment on time and when they got several payments behind, my attorney sent them a foreclosure notice. They filed for ch 13 bankruptcy.
The DOT states t...
Hello BP community! So, I have 2 rental properties, both under my name (and my husband's). We have a series LLC in Nevada and are planning on moving the properties to that. Speaking with our lawyer, she suggested we p...
From everything that I've read so far on BP and abroad it seems like there is a questionable argument for LLCs vs Umbrella Insurance. So, let me start by saying I have my first rental property and am looking for the m...
So we have a unit available June 1st, it is very tough getting good tenants with the credit/background check and minimum screening requirements we have in place. So we did an open house and found a couple which pass a...
Hey All, My knowledge of foreclosure and pre-forclosure is minimal, looking for insight. Back storyA colleague of mine filed bankruptcy on a property in 2015 in Savannah, GA. Bought at 137k market looks like it can s...
A new development out of Atlanta this week. An investor has been held liable for the exceptionally poor conditions of his properties, even though they were held by an LLC that was not under his own name. He argued tha...
About two years ago I got into investing in real estate but was short on capital to truly get started. My credit was less than desirable so I leveraged a business partners personal credit to get credit cards to fund p...
I’m just about to join a syndicated real estate investment.I will personally guarantee a large loan.My question is:Are my retirement accounts (IRAs, 401K, 403B, TSP) protected? Is my primary residence protected?Thanks.
Hi All,
Tenant not paying rent for last 3 months and given a eviction notice.
Just when the court hearing is in a day, tenant filed bankruptcy chapter 13. What options we have as landlord on addressing this situati...
I would like to get your feedback on an alternative and somewhat cost effective solution that has proven to be effective for years in collecting from bad debtors. Its called 'Naming and Shaming". To make it legally ...