I need advice or someone to talk me off the edge of the cliff. My tenant had been one month behind in rent since August of 2014. I realize this is my fault for renting with a heart instead of a business purpose and ...
So I have a unique situation. I own a rental in Nashville, Tennessee. An individual from Texas who is moving here has applied, and I approved them. They had a lower credit score. So I've obtained July and August r...
I am going through my first eviction. I received the following email from my lawyer today:"We just received confirmation that your tenant filed Bankruptcy. Therefore we cannot proceed with the eviction at this time. ...
We had two rental properties with a management company in Texas. We found out, after they closed their doors, that they were closing. They owed us security deposits and rent totaling over $5,000. We got a promissory n...
I just received notice that a tenant has filed bankruptcy. This tenant is current on all rents and has been a model tenant up to this point. I was in the home a few weeks ago and it looks fine. They have been in for a...
Hello all you smart BPers! My name is Jim. From central MN. My first post. This site is an absolute gold mine! Amazing! My question is a little outside the box. I don't know if it is a workable deal or not. I wou...
Sorry for all the questions lately. I own two properties, the other property I've owned for several years, rents mostly to graduate students and is in a pretty good area and is pretty cut and dried. The newer rental r...
I have located a few houses or people that are in bankruptcy. What is the strategy? the same as forclosure. I am just trying to get them out of their property or do you have to go through their lawyer
I am new to the group and REI and could use some advice. A seller I am taking to is 28k behind in taxes. She got a complaint from the county and they are now threatening to take the property. She is considering a ca...
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...