Do anyone feel that using the master lease option is a viable option in the market to acquire properties?
Of course it is @Kyle Ransom , I haven't done it, but i know some that do.
its all about finding the right seller.
yes so true I would imagine that they would have to be highly motivated
@Kyle Ransom up-trending markets are the best for master lease option type of transaction. You get to lock a price, step in and improve the property and then buy at the locked price.
That said, it's up to you to decide if the market you're buying at is an up-trending market or not. There are multiple markets in the country I'd say are at the top of slightly over the top and would be a risk for such a transaction.
On the other hand, A LOT depends on your purchase price and your level of efficiency in operations. What could be risky of one operator could be safe for another...
Hello @Kyle Ransom ,
No question Master lease options can work in any market. Especially for properties that will have trouble qualifying for any bank, agency or bridge financing.
You should check out Peter Harris's information on Master Leases:
Attended a seminar by him earlier this year and it was spectacular!
@Maxwell Manatt yes Peter is very knowledgeable.. and is the one i was referring too.
Yes, the key to any Lease Option is finding a motivated seller. There are motivated sellers in every market.
Absolutely! I just did a seller financed deal on a 120 unit. It was not a master lease, but similar concept. The key to getting one done is to ask the seller. Most people never ask.