Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

12
Posts
5
Votes
Heath Bressette
  • Delmar, NY
5
Votes |
12
Posts

Commercial property contract

Heath Bressette
  • Delmar, NY
Posted

Currently working on getting a storage facility under contract. The first pass has an addendum to the owners daughter for a portion of the sale to go to her as a second check. This is for “services” to the owner and buyer given she will provide a business plan.

My understanding of the sellers situation is that he wants to take a loss on the property to offset his other gains. My lawyer is cautious and wants it all go directly to seller then can pay her for the “services “.

Has anyone heard of anything like this? Any advice?

Loading replies...