Anyone have real world experience with using a Master Lease to acquire an apartment building?

I am looking for answers from individual investors who have actually used this technique, not for a class or video 'how-to'.
Thanks!
In Buying Property - Asked by Scott S. - Mar 17, 2012
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Answer(s)

Monica M.
Owner/Investor
Valencia, CA

Yes, I have used a Master Lease Agreement (MLA). This agreement is for a lease-option or 100% owner financing deal. It is not for any deals where the escrow and title-change process occurs. The MLA covers details to make sure that you (the umbrella leasee) of the property is allowed to collect rents and have legal authority of the tenants in the building. It does not cover details about the financial arrangement or lease-option terms you have with the owner/seller of the property. I hope this helps.

Apr 5, 2012
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