My buddy Drew Downs, one of the top wholesalers here in Tampa, recentlyfigured out a way to do real estate without ever having to deal with -unqualified buyers-pain in the a$$ realtors-rehabs-short sales-unrealistic sellers And the best part is...he has all of his competition bringing him the deals!
So, my friend Bill is KILLING it with master lease options.
He just wrote to tell me that the latest deal (#5!) he picked up is a
9-unit apartment building on a 5 year master lease option.
My friend Charles also just got his first MLOM deal accepted and get this...
It's a $3.1 million option on a building worth $3.5 million. Once he leases
it up to 80% it's be valued at $4.7 million! That's a $1.8 million profit on
the back end and $24,500 a MONTH in net income!
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1 comment:
That's amazing! I would love to know what does it take to get a deal like that done? How much money was needed to close? Also how do you get realtors to bring you opportunities like this.
Thanks
Shawn
SJH Investments, LLC
SJHInvest@gmail.com
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