Ever heard of MLO? A master lease option is an awesome way to get into Commercial property. You want to look for a Seller with a distressed property like an apartment complex with low occupancy. You esentially become the owner's only tenant and pass on to him the same monthly net he is getting already. Then you hire the professionals to update and fill the vacancies. You profit the difference. With the MLO you add an option to purchase in 18months. Seller financing would be very helpful at that point. Find a commercial mortgage lender who will lend on the merit of the project...NO RECOURSE is what you want. Go get em! By the way, Terry Hale is my Commercial guru...look him up, he walks his talk.
Aug 27, 2009