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I went door knocking in Madison with Bill in 2018 great experience. If you ever get the chance I would suggest highly.
Shalom,
I am not a very good teacher I take to much for granted. All a master lease is your right to lease with the right to sub lease. You can guarantee payments or make it a performance lease as stated above. You work out your payment to the owner (landlord) as you two agree.Shalom,
Most master leases have wording that if the occupant tenant does not pay then the master tenant (you) do not have to pay the landlord (owner). Of course these are totally negotiable. Use two separate agreements. A Lease and an Option. David Tilney has a great master lease course if you have the time until his next class.If you need some help let me know
Don Wede
The option is a security out for you in a defaulted note, if I am reading this correct.
Duh,
You do not even have to exercise your option. The language is in the option agreement for you to protect your interest in the property. Been awhile since I looked at that kind of option.Bill,
Interesting. With a 10 % ownership interest in the real property would give you the right to protect your interest in any defaulted note, once you exercise your option. Am I on to something here?Carlton,
Should be material on here from Jackie Lang on Highest Bidder Sale. I am going to assume it came alone with the site when the Cooks’s took it over.William any time you want to chat let me know.
Don Wede
815-252-3808Execute all of your documents beforehand and put them into escrow.
I have use Note Smith for 25 years. It is great for rentals and notes both.