Discover how to use this powerful tool to structure your own deals by applying to be my next protege: www.commercialpropertyadvisors.com/protege-program
I started watching this video and was really confused. I didn't see him driving around in a Rolls Royce, or stepping into a helicopter to fly to Palm Springs. Instead, I saw someone competent and credible. Thanks for that.
Sir, I think that this series is awesome! Thank you so much for sharing this information. I have been a student of the academics of business as both a technology entrepreneur and as a record producer. I have been to business school and I am a heavy reader . This is the most honest, direct and transformative presentation EVER . Thank you.
Hi Peter, great series! I've watched several videos this weekend. I even ordered your book. Thanks for providing the e-book for FREE! You've provided the mind shift I needed to move forward in real estate. I'm a creative person, I've never been exposed to alternative options to owning homes and property. I have the confidence now, I will own commercial real estate. I read through the comments and I saw several individuals ask for your master lease agreement, this was my same question. I can only assume you do not distribute it freely. I will do a search and use some resources to see if I can get my hands on one to get a greater understanding of how to begin to structure one. It truly does require a lot of knowledge about the property, loan, and owner to be able to present something favorable for both parties. I will continue to watch CPA videos. Thank you! This information gave me motivation! Good luck with starting your school for disadvantage youth. I wish, I received more information about finances, investing, and real estate growing up. Now, I must pay it forward.
This is my favorite youtube channel. So helpful! I do wonder about the specifics of the master lease and how it all comes together. I would love to see a financial case study with purchase price, terms, monthly payment, down payment (if any) and ultimate outcome.
I'm looking to move my business into a permanent location. Getting a bank loan won't be too hard since the mortgage payment will actually be less than what I'm paying in rent now. However, the Master Lease Agreement seems like a better idea since it won't have much impact on my cash flow. I can keep growing the business without wasting so much on a down payment. This video is a real eye opener! Thank you!
Thank you for the clear and honest explanations. I have been looking to invest in multi-family property for a while. Your clips have been very helpful. Credible and knowledgeable! You're the man!
This is great information...Keep teaching and I will keep learning.....Thank you for your time and support for people that want to make a change in their life. I am a NOVICE just getting started. There is a saying "When the student is ready the teacher will appear. Thank you again...
I know two different people that did this here in Orange County CA. They did and do FANTASTIC, the only people crying are the original owner taking such small small payments.
Hello Peter: Really enjoyed this PRESENTATION as I am now at the edge of getting into a deal for 20 UNITS. Your basic guidelines are what I need to temper my enthusiasm as I dream of 'what can be'. Perhaps I'll do the deal, perhaps not. What is important is that I realize how much I need to learn and that the 5+ buildings are different that owning a bunch of houses.
Peter, awesome content, thank you. I'm looking forward to that video you mentioned in your padcast, how to manage the manager, especially for Apartments.
*Mindset Is Everything!* As the Chinese Philosopher, Confucius, said, *”He Who Says He CAN & He Who Says He CAN’T Are Both Right.”* Also love President Trump’s early 2000’s book, co-authored with Bill Zanker, *”Think BIG & Kick Ass In Business & Life”* 💪🏽 👑 🤝🏢 🏦
Thank you! This was very useful, I already knew some of this and have used it in residential real estate investments. Now I need to lear a little more to go commercial.
I finished your free online course. Nice area, I’m familiar with it but they only provide one picture of the outside. I’m doing a viewing tomorrow…. Rafe Jamison Jr What questions do I ask. They only provide this info. They are all 1 bedrooms except two are studios. Not enough information to see if the numbers would work. Price per square foot: $135/sqft Annual tax amount: $15,160 Date on market: 5/30/2024 Listing agreement: Exclusive Right To Sell Listing terms: Cash,Conventional Ownership type: Private Owned Total actual rent: 12000 Road surface type: Paved 1,299,900 10 beds 12 baths 9,660 sqft
Hi Peter, Could you tell me how I can have a copy of your master lease? Or Are you able to assist me to instruct the master lease for a fee? Thank you!
Can a master lease be used for land? For example, i get a master lease on a retail pad site and then ground else it to a fast food restaurant. Would it be possible for the fast food franchisee to get construction financing to build his restaurant even thought the property is on a master lease?
I have a question, at lease a significant percentage of these properties are listed with a real estate agent, even though this is not technically a sale how are the broker commissions handled?
What protections does a Master Lease offer the buyer if they are making payments to the seller, but the seller is not actually making loan payments to the bank? Should the buyer send payments directly to the lender and then the balance (if any) to the seller.
This is such a great video thank you. You also mentioned where you can search properties that are in default or late on the property taxes. This is a good sign they will be willing to do a master lease. Another question wouldn't the seller want a down payment of any sort.? If so what amount would make sense?
I hear the solutions but not specific details how to solve the sellers problems. HOW exactly are you going to fill vacancies? For someone new to this investing strategy with no money, how exactly will they take care of the rehab? Will that person have to do the rehab themselves or pay someone else to do rehab? If so, with what money? Just curious. I'm interested in doing this too.
Thanks for the great video. Very educational. But at 6:47, you said Joe created $800k equity and I don't get why that is the best part of the deal. That equity belonged to the seller, right? At the end of the lease period, when Joe would buy the property at the previously agreed price, the seller would pay off the balance on the mortgage and pocket the equity portion. Did I miss something?
In your example with Joe, what happened at the end of the four-year agreement? The seller's mortgage was paid off. Does that mean the seller still owns it? I'm sure that can't be right, but I didn't follow that part. Can anybody explain?
Peter, you deserve the title of Professor Emeritus for UA-cam University! this video is an eye opener for me! by the end of the video you referred to a book, but I could not catch the name of the author.
Great information. You mentioned getting investors prior to confirming the lease agreement. What upfront costs other than lawyer etc, would you need if you are simply signing a lease agreement. I understand you will need capital as you begin to acquire the property over the term of the lease but that comes later. Thanks for your help.
+Kevin Murray Earnest money will probably be the biggest upfront cost. Followed by due diligence items such as an inspection, appraisal, environmental, survey, etc.
+Commercial Property Advisors Thank you Peter. Do you mind expanding on Earnest money? Is this a non-refundable deposit that would go toward the option purchase? Or is this a one time fee as part of the master lease agreement? Thanks in advance. Awesome videos!
Thanks for the video. My question: What if after all the hard work and investment you've put on the property as the buyer, the seller decided to not to sell it to you at the fourth year (as per your example) after noticing that the equity is much higher now after all the hard work you have put into it?
Who pays for the improvements? I've been told you can structure it so that the seller uses their cash from the property to do the improvements you see fit
You'd have to have reserves ahead of time, to cover the lease during vacancy. Or, you could try to negotiate into the lease agreement, a 30-60 day grace period for the first lease payment, while you find a tenant. Not sure if many sellers would go for it, but it can't hurt to try.
Hi thank you, for teaching, you, are a good teacher keep up the good work we all appreciate your, help. Remember Matthew 4:7, proverb's 4:27, Hebrew 13:6. Have a good day.
Commercial Property Advisors Hi I just found your video I hope it helps me with my situation my landlord want sell his property that I have bin renting for last 7 yrs I was always interested in this type of deal (master leasing) but he was once leasing multiple sections of the commercial property all the tenants left except me well now he wants out sence I’m the only one left and of course he’s tires of the up keep and the stuff is draining him out here where I need your assistance. Once get him to agree how do I get a contract and where do I go from there to make sure I’m gonna be locked inn and safe from him not pocketing the money or selling it beneath me and how can I make sure I’m safe with a contract
If you have an existing property that you want to do a 1031 exchange into an apartment building, does an MLA satisfy those rules or no since you don't have ownership of the replacement property until the end of the lease?
Great video but curious how you make sure seller is making payments to the bank. If they stop making payments; wouldn’t we be at risk of losing the property to the bank (or whoever is in first lien position)? Thanks for the help. What other risks are there with this strategy? Sounds almost too good to be true!! Thanks.
What happens in the event that the investor/buyer can no longer make the lease payments from failing to stabilize the rents / property? Would the initial owner be able to take back the property / equity?
I am confused. Why does it matter what the seller’s mortgage balance was at the end of the master lease? Isn’t the purchase price set up front? Or did Joe negotiate that a portion of his lease payments would go towards the principal balance of the purchase price?
Great advice. I have a question. In a master lease option, would it be wise to make the payment directly to the mortgage lender, and give the seller their monthly payment separately?
Good morning Mr Harris. Thank you for the information that you've presented. I know that it is relative to commercial properties but I have to ask-- is the master lease agreement concept transferable to home buying? I only ask because I am currently renting my house and I would like to finance it in a creative fashion. Many thanks -Ali
TARQUAN, LACREASE.......Google Your question, and the author's site is your first offering. I should think taking at least the basic step of a site visit or a search is common sense prior to asking. You have to do the smallest efforts yourself.
Greetings Peter! Thanks much for this enlightenment! What next steps shall my partner and I execute to move forward on accessing your MLA doc, and receiving further instructions for meticulously curating and structuring our first deal? Thanks much!
Very helpful thanks! where do I get a copy or sample of the master lease? who write it btw? if the business is not going well after the master lease period, can I say no to buy it? thanks
Could I use the Master Lease Agreement to get lets say a year or so on a single tenant commercial then find a NNN Tenant buyer and collect the difference?
Hi peter. Great video! Have a few questions on the MLA, how much interests apr 3-3.5% should I offer with the monthly payment and how many years on this agreement should i offer 10-15years? Thanks. Mia. .
+Mia Ham Years depends on the seller, but it is usually restricted to the length of the underlying loan. If the loan is going to balloon in 3 years, then it would need to be for 3 years. As for the interest rate, that is deal specific and the lower the better!
Hi Peter great video I learned a lot , I currently own a building and some residential homes , Do you have a copy of a typical master lease so I can write one. Thanks
Hi Peter, if I see a commercial property that needs rehab, but I don’t have money to fix it or to pay for deposit, can I find investor partner on profit split basis?
Cannot Thank you enough Mr. Harris for these outstanding presentations. The hits just keep coming,,,, I've a quick question,,,what strategies are available to alleviate the seller/s in this type of arrangement from any potential liability issues with the property given that they hold legal title? I'm assuming on the buyer's side the protection of a properly structured legal entity but what if the seller and maybe perhaps his wife, jointly hold title in their names? Got to be a way to ensure a win-win for both buyer and seller/s. Thank you again sir. Bill Turner
Hi Peter, how do I ask a seller if he/she would be interested in doing a creative deal? More specifically, a master lease. I want to sound credible and also want to come across like I also have their best interests in mind. I want to create a win win type deal.
HAKLYFE Mr.Seller are you familiar with the term Lease To Own? Seller: Noo?? Why Buyer: Explains to seller what it is and leads him or her through the benefits-value. Seller: O, of course I would be interested ( in a best case scenario- usually sellers will object to something that they are not familiar with or does not fit with their current needs) Buyer: So you would be interested in doing a master lease agreement? Seller: Yes, how do we get started. Basically just ask. And truly be about solving the problem of the seller. That is what will separate you from the other wannapreneur real estate investors. Real investors solve problems.
Discover how to use this powerful tool to structure your own deals by applying to be my next protege: www.commercialpropertyadvisors.com/protege-program
89aaaaaijww54yuaaaaaaiaaaoa
I started watching this video and was really confused. I didn't see him driving around in a Rolls Royce, or stepping into a helicopter to fly to Palm Springs. Instead, I saw someone competent and credible. Thanks for that.
Rob Bird my same thoughts. very credible and real.
lol That's Funny!
Rob Bird LOL I agree.
I'm pretty sure you have to do this from your garage and show us your Lambo...#confused
Hahahahahaha! You're absolutely correct!
your a great teacher, clear, concise and fully disclosed all info..
He is indeed! Very well spoken and a great method of explanation. This info he’s giving away on YT is worth mega billions of dollars!!
Peter, you are a fantastic educator. Love the simplicity of your videos. Glad to have you as a resource.
Sir, I think that this series is awesome! Thank you so much for sharing this information. I have been a student of the academics of business as both a technology entrepreneur and as a record producer. I have been to business school and I am a heavy reader . This is the most honest, direct and transformative presentation EVER . Thank you.
Hi Peter, great series! I've watched several videos this weekend. I even ordered your book. Thanks for providing the e-book for FREE! You've provided the mind shift I needed to move forward in real estate. I'm a creative person, I've never been exposed to alternative options to owning homes and property. I have the confidence now, I will own commercial real estate. I read through the comments and I saw several individuals ask for your master lease agreement, this was my same question. I can only assume you do not distribute it freely. I will do a search and use some resources to see if I can get my hands on one to get a greater understanding of how to begin to structure one. It truly does require a lot of knowledge about the property, loan, and owner to be able to present something favorable for both parties. I will continue to watch CPA videos. Thank you! This information gave me motivation! Good luck with starting your school for disadvantage youth. I wish, I received more information about finances, investing, and real estate growing up. Now, I must pay it forward.
I had no idea about the Empire State building. Fascinating!
In 2022 getting knowledge from Peter. It only takes one deal to change your life!
This is my favorite youtube channel. So helpful! I do wonder about the specifics of the master lease and how it all comes together. I would love to see a financial case study with purchase price, terms, monthly payment, down payment (if any) and ultimate outcome.
I'm looking to move my business into a permanent location. Getting a bank loan won't be too hard since the mortgage payment will actually be less than what I'm paying in rent now. However, the Master Lease Agreement seems like a better idea since it won't have much impact on my cash flow. I can keep growing the business without wasting so much on a down payment. This video is a real eye opener! Thank you!
Thank you for the clear and honest explanations. I have been looking to invest in multi-family property for a while. Your clips have been very helpful. Credible and knowledgeable! You're the man!
This is great information...Keep teaching and I will keep learning.....Thank you for your time and support for people that want to make a change in their life. I am a NOVICE just getting started. There is a saying "When the student is ready the teacher will appear. Thank you again...
I know two different people that did this here in Orange County CA. They did and do FANTASTIC, the only people crying are the original owner taking such small small payments.
I love this guy. Simple and clear. I want to join his mentorship team.
Me too!
Hello Peter: Really enjoyed this PRESENTATION as I am now at the edge of getting into a deal for 20 UNITS. Your basic guidelines are what I need to temper my enthusiasm as I dream of 'what can be'. Perhaps I'll do the deal, perhaps not.
What is important is that I realize how much I need to learn and that the 5+ buildings are different that owning a bunch of houses.
Wow, 5 year update?
Peter, awesome content, thank you. I'm looking forward to that video you mentioned in your padcast, how to manage the manager, especially for Apartments.
*Mindset Is Everything!* As the Chinese Philosopher, Confucius, said, *”He Who Says He CAN & He Who Says He CAN’T Are Both Right.”*
Also love President Trump’s early 2000’s book, co-authored with Bill Zanker, *”Think BIG & Kick Ass In Business & Life”* 💪🏽 👑 🤝🏢 🏦
Thank you! This was very useful, I already knew some of this and have used it in residential real estate investments. Now I need to lear a little more to go commercial.
As a thank you for competent honest info I have bought your book.
Excellent information. I'm looking to purchase a self storage business and this is my ticket.
Wow, grate stuff! I thought it was going to be complicated, but you made it simple.
I finished your free online course. Nice area, I’m familiar with it but they only provide one picture of the outside. I’m doing a viewing tomorrow….
Rafe Jamison Jr
What questions do I ask. They only provide this info. They are all 1 bedrooms except two are studios. Not enough information to see if the numbers would work.
Price per square foot: $135/sqft
Annual tax amount: $15,160
Date on market: 5/30/2024
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Ownership type: Private Owned
Total actual rent: 12000
Road surface type: Paved
1,299,900
10
beds
12
baths
9,660
sqft
Thank you Peter, I look forward to working with you and your team.
love your lessons. thanks for being part of the youtube learning experience!
Hi Peter, Could you tell me how I can have a copy of your master lease? Or Are you able to assist me to instruct the master lease for a fee? Thank you!
Your videos are amazing! I’m ready to get off the fence
How do you make sure the Seller will actually take the money to pay down the mortgage's principal and interest? Thanks in advance!
I love this training Peter. Thank you. ❤❤🎉🎉🎉🎉
Glad you enjoy it!
Can a master lease be used for land? For example, i get a master lease on a retail pad site and then ground else it to a fast food restaurant. Would it be possible for the fast food franchisee to get construction financing to build his restaurant even thought the property is on a master lease?
Absolutely.
Commercial Property Advisors Can I buy a copy of the master lease agreement? 925-580-8623
I have a question, at lease a significant percentage of these properties are listed with a real estate agent, even though this is not technically a sale how are the broker commissions handled?
This video is gold!!! Thank you so much!!!
What protections does a Master Lease offer the buyer if they are making payments to the seller, but the seller is not actually making loan payments to the bank? Should the buyer send payments directly to the lender and then the balance (if any) to the seller.
What if seller dies or changes his mind when master lease ends?
This is such a great video thank you. You also mentioned where you can search properties that are in default or late on the property taxes. This is a good sign they will be willing to do a master lease. Another question wouldn't the seller want a down payment of any sort.? If so what amount would make sense?
The lowest amount you can negotiate :)
Commercial Property Advisors
How can I get your info
Can you email me , redleaf20@yahoo.com
I do believe this is also what Larry Silverstein had with the WTC. A new lease was signed right before 9-11-2001.
spiritual619 whaaaat?! How intriguing.
Hi Peter. You are true master piece. Thanks
Is a master lease agreement the same as subject to financing ?
No. It's the same as a lease with the option to purchase.
Thank you, Peter! You're a great Teacher!
I hear the solutions but not specific details how to solve the sellers problems. HOW exactly are you going to fill vacancies? For someone new to this investing strategy with no money, how exactly will they take care of the rehab? Will that person have to do the rehab themselves or pay someone else to do rehab? If so, with what money? Just curious. I'm interested in doing this too.
Great! But you would miss out on cash out refinancing, but there are plenty of benefits with this too!
Thanks for the great video. Very educational. But at 6:47, you said Joe created $800k equity and I don't get why that is the best part of the deal. That equity belonged to the seller, right? At the end of the lease period, when Joe would buy the property at the previously agreed price, the seller would pay off the balance on the mortgage and pocket the equity portion. Did I miss something?
In your example with Joe, what happened at the end of the four-year agreement? The seller's mortgage was paid off. Does that mean the seller still owns it? I'm sure that can't be right, but I didn't follow that part. Can anybody explain?
Peter, you deserve the title of Professor Emeritus for UA-cam University! this video is an eye opener for me! by the end of the video you referred to a book, but I could not catch the name of the author.
I'm learning a lot from you Thank you🎉😊
Great information. You mentioned getting investors prior to confirming the lease agreement. What upfront costs other than lawyer etc, would you need if you are simply signing a lease agreement. I understand you will need capital as you begin to acquire the property over the term of the lease but that comes later. Thanks for your help.
+Kevin Murray Earnest money will probably be the biggest upfront cost. Followed by due diligence items such as an inspection, appraisal, environmental, survey, etc.
+Commercial Property Advisors Thank you Peter. Do you mind expanding on Earnest money? Is this a non-refundable deposit that would go toward the option purchase? Or is this a one time fee as part of the master lease agreement? Thanks in advance. Awesome videos!
Thanks for the video. My question: What if after all the hard work and investment you've put on the property as the buyer, the seller decided to not to sell it to you at the fourth year (as per your example) after noticing that the equity is much higher now after all the hard work you have put into it?
It's a legally binding agreement. You would sue for specific performance (and win and get your attorney fees)
Commercial Property Advisors thanks for the reply subscribed :)
p
Who pays for the improvements? I've been told you can structure it so that the seller uses their cash from the property to do the improvements you see fit
Just subscribed, this is good...such a great teacher with lots of info for beginners🔥🔥🔥🔥🔥
Hi Peter I liked your presentation and it is very informative.
How does the lease get paid while we're looking for tenants if we have little or no money to get rolling ?
You'd have to have reserves ahead of time, to cover the lease during vacancy. Or, you could try to negotiate into the lease agreement, a 30-60 day grace period for the first lease payment, while you find a tenant. Not sure if many sellers would go for it, but it can't hurt to try.
Hi thank you, for teaching, you, are a good teacher keep up the good work we all appreciate your, help. Remember Matthew 4:7, proverb's 4:27, Hebrew 13:6. Have a good day.
CAn you do a master lease on a free and clear property or does it make more sense to do seller financing 1st mortgage?
Are you able to refi the property after a time with the master lease. This will allow one too pay off the seller?
what if the seller default on the mortgage even thou he collected payment from the buyer?
A smart Master Lessee has a 3rd party escrow company making the payment so that can't happen.
Wow excellent, just excellent
Commercial Property Advisors Hi I just found your video I hope it helps me with my situation my landlord want sell his property that I have bin renting for last 7 yrs I was always interested in this type of deal (master leasing) but he was once leasing multiple sections of the commercial property all the tenants left except me well now he wants out sence I’m the only one left and of course he’s tires of the up keep and the stuff is draining him out here where I need your assistance. Once get him to agree how do I get a contract and where do I go from there to make sure I’m gonna be locked inn and safe from him not pocketing the money or selling it beneath me and how can I make sure I’m safe with a contract
Thank you for sharing this, Peter!!
If you have an existing property that you want to do a 1031 exchange into an apartment building, does an MLA satisfy those rules or no since you don't have ownership of the replacement property until the end of the lease?
Great video but curious how you make sure seller is making payments to the bank. If they stop making payments; wouldn’t we be at risk of losing the property to the bank (or whoever is in first lien position)? Thanks for the help.
What other risks are there with this strategy? Sounds almost too good to be true!! Thanks.
Great video. Detailed and accurate. Thank you.
What happens in the event that the investor/buyer can no longer make the lease payments from failing to stabilize the rents / property?
Would the initial owner be able to take back the property / equity?
So how do you ensure that the owner is making the mortgage payment, is it paid into an escrow of some type?
You should be paying the mortgage directly in a Master Lease Agreement to ensure that happens.
Mrplace0
I am confused. Why does it matter what the seller’s mortgage balance was at the end of the master lease? Isn’t the purchase price set up front? Or did Joe negotiate that a portion of his lease payments would go towards the principal balance of the purchase price?
Great advice. I have a question. In a master lease option, would it be wise to make the payment directly to the mortgage lender, and give the seller their monthly payment separately?
Absolutely. We always do it that way.
@@CommercialPropertyAdvisors Peter, what’s the difference between the master lease agreement and wrap around mortgage?
Would you base a Master Lease payment off of the sellers previous mortgage payment, if the property is already owned outright ?
If its owned outright, then you would do an owner financing deal, not a master lease deal.
How do you implement the Master Lease Option when the seller is using a real estate agent?
Same way as normal but you will have to pay the agent upfront their commission.
Great video, do you have recommendations on due diligence and determining the best length of an MLA?
What if the buyer sees the property value go up and tries to.refinsnce increasing the mortgage payment?
Does that option come with the deal can the ower decide to not sell.
Could you help with obtaining a master lease agreement template?
daryl robinson Daryl, master lease agreement searched offers you their site with what you want.
Are points 4 and 5 compatible with a progressive purchase over three years ?
Good morning Mr Harris. Thank you for the information that you've presented. I know that it is relative to commercial properties but I have to ask-- is the master lease agreement concept transferable to home buying? I only ask because I am currently renting my house and I would like to finance it in a creative fashion. Many thanks -Ali
Yes, it is. In residential, it is called at "Lease Purchase"
awesome info.do you guys have a master lease doc that can be used or tweaked for mass.
Dan Greenberger I would want that info as well
one year later n no answer
TARQUAN, LACREASE.......Google Your question, and the author's site is your first offering.
I should think taking at least the basic step of a site visit or a search is common sense prior to asking.
You have to do the smallest efforts yourself.
alright? okay let's get started, okay. love it, subbed
Thank you for sharing your wealth of knowledge
Under a master lease for the empire state building why hasn't the owner paid off the owner(Prudential insurance)? Thank you
You mentioned hiring a good property manager is important. How do you find a good property manager in NYC?
Find and speak with other real estate investors on your area. Ask PM companies for references, and speak to their clients.
GREAT video!!!! Thanks for the brilliant education guys :)
Greetings Peter!
Thanks much for this enlightenment!
What next steps shall my partner and I execute to move forward on accessing your MLA doc, and receiving further instructions for meticulously curating and structuring our first deal?
Thanks much!
Thank you for this great information
Any advice on methods of negotiating for a master lease agreement as opposed to an all cash/financed purchase?
Watch this video: ua-cam.com/video/TUhvesQX2F4/v-deo.html
Very helpful thanks! where do I get a copy or sample of the master lease? who write it btw? if the business is not going well after the master lease period, can I say no to buy it? thanks
Very interesting information
Could I use the Master Lease Agreement to get lets say a year or so on a single tenant commercial then find a NNN Tenant buyer and collect the difference?
Does lease option/MLO work on bank owned houses?
No. Banks don't go for that.
Hi peter. Great video!
Have a few questions on the MLA, how much interests apr 3-3.5% should I offer with the monthly payment and how many years on this agreement should i offer 10-15years? Thanks. Mia.
.
+Mia Ham Years depends on the seller, but it is usually restricted to the length of the underlying loan. If the loan is going to balloon in 3 years, then it would need to be for 3 years. As for the interest rate, that is deal specific and the lower the better!
In a master lease is there a % of the current rent they is being collected to determine what the payment would be? Thank you
Will it work with new development on property
Excellent advice. Thank you!
Are you entitled to the equity in the property if you go in and renovate and increase the value while being involved in a master lease?
Based on his presentation, yes.
Could you do a master lease on a commercial deal that the owner owns free and clear and has no other mortgage attached to it.
It would be an owner financing deal.
@@CommercialPropertyAdvisors it could also help on the cap gains on owner finance correct?
When the master lease is over like the expire state building does the owner get the property back?
Yes; that's why as the Lessee, you better not let that happen.
Who would I go to for a master lease loan officer or property owner
Good morning, I heard you said that you take over the loan payment, do you mean you will make the loan payments directly to the bank?
Yes
Hi Peter great video I learned a lot , I currently own a building and some residential homes , Do you have a copy of a typical master lease so I can write one. Thanks
Thanks Pete! Can we buy the paperwork?
Will the lender ever call the due on sale under a master lease option?
+Edwin Wong They have every right to, but in all our years, we have yet to see it done.
Hi Peter, if I see a commercial property that needs rehab, but I don’t have money to fix it or to pay for deposit, can I find investor partner on profit split basis?
Some lenders will fund the renovations. We structure deals like that all the time
Will this work on NNN properties?
Cannot Thank you enough Mr. Harris for these outstanding presentations. The hits just keep coming,,,,
I've a quick question,,,what strategies are available to alleviate the seller/s in this type of arrangement from any potential liability issues with the property given that they hold legal title?
I'm assuming on the buyer's side the protection of a properly structured legal entity but what if the seller and maybe perhaps his wife, jointly hold title in their names?
Got to be a way to ensure a win-win for both buyer and seller/s.
Thank you again sir.
Bill Turner
If they want to remove any liability issues, they need to transfer title to the Buyer, in an owner financing arrangement.
@@CommercialPropertyAdvisors So then it's not a "Master Lease agreement",,,,,correct?
Correct.@@billturner1960
When one exercises his option to purchase the property in an MLA, would he require services of regular real estate agent or broker?
A broker would not be needed, but perhaps a real estate attorney could be of assistance to you.
Hi Peter, how do I ask a seller if he/she would be interested in doing a creative deal? More specifically, a master lease. I want to sound credible and also want to come across like I also have their best interests in mind. I want to create a win win type deal.
HAKLYFE Mr.Seller are you familiar with the term Lease To Own?
Seller: Noo?? Why
Buyer: Explains to seller what it is and leads him or her through the benefits-value.
Seller: O, of course I would be interested ( in a best case scenario- usually sellers will object to something that they are not familiar with or does not fit with their current needs)
Buyer: So you would be interested in doing a master lease agreement?
Seller: Yes, how do we get started.
Basically just ask. And truly be about solving the problem of the seller. That is what will separate you from the other wannapreneur real estate investors. Real investors solve problems.
So where would I get the money to fix up the place?
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