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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Commercial Property & Bankrupcy Posted by Rick, the Probate Guy on August 24, 2010 at 5:40 PM In Reply to: Commercial Property & Bankrupcy posted by Gerry on August 23, 2010 at 8:09 PM In a word: yes. However, you have to assess the odds of ANY borrower filing BK when owning a note secured by real property, commercial, residential, or any type of real estate, improved or not. A Chapter 11 BK is messy and expensive for both debtor and creditors. It's part of the cost of doing business. I do a lot of TD investing and, while I've had people filed BK, I've never had anybody file BK 11 on one of my handful of commercial notes. So, I wouldn't necessarily run away, just buy when you can get a super-bargain, prpare for the worst and hope for the best. It's still a numbers game and, although YOUR number will occassionally called by the bingo-master of default, you can still make very good, life-changing money if you can hold on. If you can't afford to hold on to it like the cat in the old "Hang on there, baby" poster, then stick with something that you know. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : In a word: yes. : However, you have to assess the odds of ANY borrower filing BK when owning a note secured by real property, commercial, residential, or any type of real estate, improved or not. : A Chapter 11 BK is messy and expensive for both debtor and creditors. It's part of the cost of doing business. I do a lot of TD investing and, while I've had people filed BK, I've never had anybody file BK 11 on one of my handful of commercial notes. : So, I wouldn't necessarily run away, just buy when you can get a super-bargain, prpare for the worst and hope for the best. It's still a numbers game and, although YOUR number will occassionally called by the bingo-master of default, you can still make very good, life-changing money if you can hold on. : If you can't afford to hold on to it like the cat in the old "Hang on there, baby" poster, then stick with something that you know. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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