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[quote]The banks are just going to have to work with you or write off your notes and see you filing for bankruptcy. ***We are probably putting more pressure on ourselves than anyone as we are not behind even one payment but I think that too is our own mentality of not wanting to get it to the point of being behind. Personal responsibility. We'd sell them before we'd allow bankruptcy to happen cause we do actually have a lot of equity in them - it's just a matter of being able to access the equity into cash*** (quote)Put all of your deadbeat tenants to work physically helping you clean houses, unless they want to be evicted. ***We have one or two that we have put to work, however in doing that we open ourselves up to liability as well. The other issue with some is that they are so lazy that they won't even try to work with us cause they truly just want a free ride and don't feel any guilt over ripping us off. |