Master Lease Option

[Karim Shah]

Hi, has anyone done an MLO on a apartment building recently?

If so, can you tell me on your experience?

[Bill Gulley]

I have conversed with here on BP and my impression was that she has acquired what I might call, advanced knowledge and seems to be sharp, but was not 100% correct IMO. She or any guru type may have some unique sales pitch to use with a seller and talking them into doing a M/L, but I can't see $997 at all. A master lease is really a pretty simple arrangement and should ba able to be put together by any "advanced" investor. I mean really, it's a lease with the right to sub-let. Take care and use an option to purchase, and address the customary problems of financing/servicing, insurance, taxes, depreciation, maintenance, assignments and deafult. This is not rocket science. Most of what you need is right here on BP! Good luck, Bill