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Updated almost 8 years ago on . Most recent reply

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6
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Nic Reid
  • Bend, OR
3
Votes |
6
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Master Lease Options

Nic Reid
  • Bend, OR
Posted

Hey BP Wizards!

I'm researching and working go get my s#*t together to make a Master Lease Option deal a reality.  I've gained a lot of insight by searching the internet, but I think that I'm ready to take my knowledge to the next level.  

Is there a course, book, workshop, etc that anyone can recommend highly that would get me the "whole package" on MLO's, all the way from finding and analyzing a deal to writing up an offer, nogotiating, and finally signing a Master Lease and Option to Buy?  

I read a bit about Susan Lassiter-Lyons' course, Master Lease Option Method, but its hard to gauge from her website (www.masterleaseoptionmethod.com) how legit the resource is.  It's kind of a landing page...put your info in here so we can spam you...sort of home page looking situation.  Has anyone purchased the complete "Method" from her?  Any feedback on it?  

I'd be very happy to hear from anyone that has some "real world" advice on Master Lease Options as well.  I definitely have a solid foundational understanding on how they work, and I've even gotten to the place where I've identified a couple of deals in my local area that I'd like to move on, so I'm really at the place now that I need a deeper understanding of how to move from conceptualizing a MLO to actually getting a MLO deal under my belt.  

Thanks for any help!!!

--Nic Reid

Most Popular Reply

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6,088
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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
  • Investor
  • Sherman Oaks, CA
3,921
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6,088
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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
  • Investor
  • Sherman Oaks, CA
Replied

Ive got Susan's course,

You need to look into @Bill Walston

He coaches 1 on 1 Master Lease Options.  He was trained by Susan.  He is also a CPA.

He direct mails owners of 4+ multis, signs a master lease w rights to sub lease, GUARANTEES the low NOI (net operating income), turns the NOI higher by improving performance (better management, low vacancy, higher rent, etc) You need capital to turn it around.

NOT for rookies without apartment management experience or capital.

I would also look into @Anthony Chara course on apartments.

https://www.linkedin.com/vsearch/p?company=Apartme...

Lastly there is a course by Bill Bronchick,

http://www.legalwiz.com/master-lease-option-for-ap...

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