In this week’s edition of “Ask Ron,” Ron answers our Gold Club members’ questions regarding the different resources to find Terms buyers, on how to structure your business if you live in a state that doesn’t allow land trusts, how long it typically takes to find a tenant buyer, and more.
Special thanks to James Schibly, Katrina Jonah, Benjamin Mayo, Kathy Hyneman, Joseph and Danielle Rivera, Arthur Mack, Roger Clayton, Larry Holtfrerich, Chris Whitwood, Warren Moore, and Rod from Oregon. Don’t forget to register below for Ron’s upcoming events!
- Commercial Property Virtual Workshop – November 4th – 6th
- Quick Start Real Estate School – Virtual: November 10th – 13th – Jacksonville, FL – December 9th – 12th
- The Great American Real Estate Summit – November 18th – 20th
Thanks R.L..
In this case, my seller’s property is free and clear.
I told him that I would purchase the property for the amount owed at the end of the 3 year lease option thereby receiving the benefit of the debt paydown.
His response was: Then your tenant buyer is getting free rent for 3 years…no way!
How would you respond to that?
Thanks for interrupting your meeting to answer our questions!
So much wisdom on how to deal with banks that want to try and trap you! And a great reminder to keep our mouth shut when dealing with the seller about our exit!