Real Estate Investor · Phoenix, AZ · Member since 2008 · 12 posts · 0 votes
Hey BP members,
I'm new to the whole master lease option, but I looking to do my first one of at least two this year and fairly soon. I know it's an awesome way to get a great cash flow. I'm looking for some info or direction or even a 50/50 split on a Apt Bldg. Any and all help is welcomed.
:D I am just on the sidelines on this thread. But if someone could start a real discussion on the whole subject of master leasing i would appreciate it also. The term master lease is new to me and i would like a thorough explanation as far as commercial and residentials are concerned. Thanks, Dan
:D I am just on the sidelines on this thread. But if someone could start a real discussion on the whole subject of master leasing i would appreciate it also. The term master lease is new to me and i would like a thorough explanation as far as commercial and residentials are concerned. Thanks, Dan
Thanks for your comment. More people will comment now.
Master leasing is just relieving the owner of management.
For example:
You come across an apartment buildinng owner looking to retire or just doesn't want to manage the property anymore. You then come in as the master tenant paying the owner a specified amount for a specified time. You collect rents, pay utilities, deal with rental problems, etc. The difference between the collected rent and expenses, plus paying the owner is yours.
Hope that helps!