Master Lease Option Letter of Intent
24. Jul, 2009 
12 Comments
I love Master Lease Options! They’re essentially sandwich lease options on commercial, income producing properties such as apartment buildings.
When you have found a deal you want to make the next move on (as in due diligence) here’s a sample letter of intent or LOI that you can use to make your “pre-offer.”
FREE MLO TRAINING
If you’re looking for an excellent training on Master Lease Option investing, click here to get registered for the free video training series by ME! Great stuff.
I listened last night to your webinar and want to say I appreciate finally being able to listen to someone’s webinar and they were not trying to sell the next and best new thing.
I also appreciate you pausing from time to time on important topics to allow the listener to take notes.
When I looked at the Sample copy of the MLO I noticed a couple of things that I do not know what it means. I was wondering if you have one filled out on your site with some explanation of what it means or what would be a good rule of thumb to put in the blanks. Example is on the Lease section under expenses where it states Tenants shall pay all management and maintenance expenses under $_____ as well as well as the second part of that statement relating to the seller. My question is what would you recommend be put there?
Thanks JD
Is their a replay of the webinar up? I have a friend that would like to view it.
A sales page ?
I listened to the entire webinar. Not only was it interesting, informative, and entertaining, but more importantly it was packed full of ideas and advice I could utilize immediately on a multi-unit deal I’m currently involved in. I was destined to make some mistakes, but you have carefully pointed me in the right direction. Thank you for sharing your expertise in this arena, and thanks for being on the fronts lines—I don’t know how you do it. It’s nice to know someone has our backs as investors. Thanks Susan I’m a big fan.
Keith
Woo hoo! Thanks guys – glad you enjoyed the webinar.
Susan,
I owned my home free and clear but was talked into mortgaging the home to get money to buy rentals. I now have three properties (one duplex and two single family) rented. The problem I am running into is that they were purchased in my own name and with my own credit. Granted, they were foreclosures that needed rehabbing but are now done and rented.
Because the local lenders won’t let me draw from properties in an llc I have held off on forming one until I find out which way the financing winds are going to blow. I should have lots of equity to draw from but the credit union I bank at won’t even give me the time of day and the banks I have approached with my plan to purchase more properties won’t lend me money because they say I don’t have enough income. I work like a dog at a day job and have been rehabbing (as a second job?) full time also.
I bought your portfolio blueprint because it seemed that four fully rented units was the beginnings of a portfolio and I have found that I love working on houses more than what I do hourly. Can you take on a charity case (possibly as a mentor type thing?) and please help me? I have been looking in my area and there are so many opportunities slipping past me that it quite frankly makes me kind of ill. I included before and after photos into my REO schedule and I got good feedback on how professional it looked but that’s about it.
Looking forward to hearing from you soon.
Sincerely,
Nick J Guerra
Hi Nick – if you have the Portfolio Loan Blueprint, I suggest finding a local lender (small bank or credit union) that will give you the time of day. If the rentals are cash-flowing as I discussed in the course then you’ll find someone willing to refinance them and possibly your new rentals. Good luck!
I am new to the Commercial Industry , but I would love to get involved in it . I need the ABC’S and 123 of how to get started and of the Ground in Investing in Commercial Property with no money.
I am looking to get in the the commercial side too. Where can I get more info on this type of lease?
Thanks
Hi, Susan
Do you have any updated or current chat rooms and open forums?
Thank you in advance..
Don Davis
No. I don’t run a forum. I post on others occasionally but lately they seem a little hostile so…
In your opinion, is it better to use a master lease option to buy an apartment building or try to get 100% owner financing? Thanks
Mike