The time requirement to do this made this smaller deal look even less attractive.I wouldv'e liked to take on this property, then do a lease purchase option.

Sidenote: I feel stupid for not catching this myself but the lease said nothing about not being able to smoke in the rental.

You could negotiate the terms of the Promissory Note, but you may not be able to negotiate the terms of the recorded debt instrument (Mortgage, Security Deed, or whatever it is called in your state) since you are no longer the title holder.One way to address this is to consider selling with a Lease and Option to Purchase instead of selling with a wraparound.

Hi - I have a rental property in Albuquerque, NM and am currently looking for a better lease agreement than what I have previously used for tenants.I'm also looking to connect with other investors in NM to discuss opportunities in and around the state.Thanks, BP forum -- this is awesome tool for new investors!!

The route i suggested to her was a lease option which she understands but not enough to put a deal like that together.

If you google transactional funding, you will find plenty of places to contact, and the same if you're looking for hard money.You could buy the property in your personal name and possibly do a land contract with a buyer, or a lease option.

I am looking at a commercial property for sale with one tenant (Chinese restaurant) on a NNN lease.

But I think a good place to start is a Master Lease with no money down.

Leases survive sales.

I manage properties and assist in leasing rental units.