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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