Updated about 11 years ago on . Most recent reply
Grand Lease???? maybe....
I believe its called a grand lease that I am thinking of. But anyone heard of this. Basically a contract writen up with a lawyer to control a property. You have all rights on it, collections, payments and management and then you pay the owner. Not sure details. who owns it, whos title in.
Asking, because I have a relative who owns 36 properties and getting older, and I want to start acquiring/controlling them, which will help them as well as me. easy transaction, hopefully. BUT, I dont have buckets of cash to throw at them; therefore want to control and pay them over time and eventually buy them.
appreciate all comments and suggestions
Mick