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All Forum Posts by: Micah Freeman

Micah Freeman has started 2 posts and replied 4 times.

General Real Estate Investing

Post: PAUL MOORE 22 CRITERIA IN SELECTING A MARKET

Micah FreemanPosted
  • Posts 4
  • Votes 1

@Paul Moore. Can I get on the 22 Criteria bandwagon list as well?

0 Votes
Commercial Real Estate Investing

Post: NNN Lease - Security Deposit Listed as None

Micah FreemanPosted
  • Posts 4
  • Votes 1

Went into escrow on our very first NNN property this week. Documentation is starting to roll in as part of our Due Diligence period and Received the lease documentation today and it says "Security Deposit: None". Is it standard practice for a NNN property to not have a security deposit? Should I be weary? Can I have the lease amended to provide for one? My partner is like they have 30+ locations and their financials look good, "don't worry about it." Needless to say, I'm worried about it! Any advice for this noob would be greatly appreciated.

Micah Freeman

1 Vote
Private Lending & Conventional Mortgage Advice

Post: NNN Lease - Security Deposit Listed as None

Micah FreemanPosted
  • Posts 4
  • Votes 1

Went into escrow on our very first NNN property this week. Documentation is starting to roll in as part of our Due Diligence period and Received the lease documentation today and it says "Security Deposit: None". Is it standard practice for a NNN property to not have a security deposit? Should I be weary? Can I have the lease amended to provide for one? My partner is like they have 30+ locations and their financials look good, "don't worry about it." Needless to say, I'm worried about it! Any advice for this noob would be greatly appreciated.

0 Votes