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Signs You Are Working With A Guru Trained Transaction Participant
Here's some recurring interactions I continue to have with real estate transaction participants. I suspect all paid for education from gurus. What other forms of guru inspired craziness are people encountering?
1. We are interested in signing a master lease for your building backed by a corporate guarantee and eliminate your vacancy risk.
2. We would like to hire you to perform legal services where we will pay you 15% more than your ordinary fee but it will be financed over an 18-month term. You will benefit from 15% more revenue and the ability to show receivable's which are valuable for borrowing money.
3. We would like to receive a Co-GP title in exchange for raising capital for your investments. We would also require written permission to promote the building ownership and performance through our own company and website.
4. I need to create a management LLC who will sign leases and act as the face of my real estate portfolio in order to direct any claims away from me or the properties.