Peter Halliday
Exit Strategies for Borrower in Bankrupcy
I’m wondering what the exit strategy is for a borrower on bankruptcy. I was reaching up to follow up with a seller I’d bought a note from. He asked me if I’d be open to a note in bankruptcy. I realized that I don’t ...
Kristina Taylor
Can I create an LLC and sell my personal rental portfolio to the LLC?
My mother has several properties that have been mismanaged or not managed at all and she has enlisted my help to get caught up, but I'm a bit over my head. Due to covid and the death of her parents, things really slip...
Brian Bradley
Debt Relief vs Collection Defense aka (Bankruptcy vs Asset Protec
You are investing in real estate. You are going, or should, understand the difference between these two concepts. Collection defense and debt relief are better known or understood as asset protection and bankruptcy. T...
Monique Howard
In need of some newbie advice
I have am still somewhat in the learning process, but I am really anxious to get started and work on getting my first deal. I have spent a lot of time over the last maybe 5 years reading books and taking courses learn...
Kent Harris
Filing Bankruptcy
A new Tenant had moved in to my rental, once the Lease was signed they had said. "BTW did I mention I'm filing Bankruptcy next month?" Is this going to effect the rent rate there paying now? Are they going to pay rent...
Bienes Raices
Tenant declared bankruptcy
A potential applicant just called me. She lost her house to foreclosure last year, which I know is not a dealbreaker from these forums, but also declared bankruptcy at the same time. Should the bankruptcy have any eff...
Josh Kindlesparker
Preforeclosure "subject to" and Bankruptcy
If I buy a property "subject to" from a seller in Preforeclosure. I make up the back payment of $7500. What if the seller then files Bankruptcy? What protects me, if anything, from loosing the property and cash?
Is ...
Account Closed
Civil Case on Tenant & She Files Bankruptcy
Hi - I have a civil case going against a tenant and the tenant recently announced she was claiming bankruptcy. I was days away from a default judgment because she never responded. Now there is a stay noted on the case...
Julia Amelyan
Asset Planning
What is a good way to protect your assets in case of a bankruptcy? I own several properties, some in my personal name and some in my LLC. Some of them are free and clear with no mortgage and several still have a mortg...
Brandon SanAgustin
Can you file bankruptcy on code enforcement fines
Yes .. I just have a quick question... If a homeowner wishes to file bankruptcy on a property will bankruptcy protect them from the code enforcement. Thank you